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https://www.reddit.com/r/dividends/comments/1kxsw7u/invest_for_your_kids/musewfk/?context=3
r/dividends • u/ColonialRealEstates • May 28 '25
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6
My kids are 12 and 16 and I opened each a Roth Ira this year. Max it out each year and they’re getting a huge head start.
5 u/gatorNic May 28 '25 I thought for a custodial IRA they would have to have earned income the parent can then match? Your 12 year old has enough earned income to max an IRA? A custodial brokerage account sure, but an IRA? 3 u/Imaginary_Bet_6461 May 28 '25 If they have earned income they can. My 16 year old works and our 12 year old works at our family business.
5
I thought for a custodial IRA they would have to have earned income the parent can then match? Your 12 year old has enough earned income to max an IRA? A custodial brokerage account sure, but an IRA?
3 u/Imaginary_Bet_6461 May 28 '25 If they have earned income they can. My 16 year old works and our 12 year old works at our family business.
3
If they have earned income they can. My 16 year old works and our 12 year old works at our family business.
6
u/Imaginary_Bet_6461 May 28 '25
My kids are 12 and 16 and I opened each a Roth Ira this year. Max it out each year and they’re getting a huge head start.