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.
Roth IRA. The contribution amount limits to a Roth IRA are the same as those to a traditional IRA. However, your eligibility to contribute to a Roth IRA depends on your income. You can make a full contribution to each Roth IRA as long as your working spouse makes less than $173,000 in 2012.At those levels of modified AGI, the contribution amount begins to phase out, and at $183,000 (2012) you are no longer eligible to make contributions. If the contributing spouse also has an IRA, annual compensation/earned income must exceed the combined contributions the IRAs. 2  Age: The non-working spouse must be under 70 1/2 in the year of the contribution for a traditional IRA.