Raising an orphaned puppy is a noble and satisfying experience. However, orphaned puppies are very fragile and raising them can be challenging. Do not be disappointed if you are unsuccessful with some or all of the puppies. The fact that you are trying to help is often reward enough.
A Roth IRA for a child with earned income can be very attractive. There's no minimum age to set up a Roth IRA, and many IRA providers will accept accounts for minors.In most cases, the only issue is whether the child has taxable compensation.Potential for Tax-Free Compounding.n unmarried person must have earned income of his or her own to contribute to a Roth IRA. The income has to be income earned from employment, not investment income, and it has to be taxable compensation income. However, that doesn't mean your child has to actually pay tax on the income.
You must have earned income to be able to contribute to a Roth IRA, but you can contribute at any age (the cutoff is 70 1/2 for traditional IRAs). If you are 50 or older, you can contribute up to $6,500 for 2013 and 2014.owever, you cannot make contributions if your income exceeds certain limits. For 2013, the eligibility to contribute to a Roth IRA phases out at $188,000 for married filers and $127,000 for singles ($191,000 and $129,000, respectively, for 2014).