The Executive Report on Managed Care will provide you with twice-monthly news and information on issues affecting the managed care industry, legislation and regulations, real-life examples of how.
1. A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59Â½, death, disability, qualified first time home purchase. 2. You must be at least 18 to open an IRA at Fidelity. 3. $7.95 commission applies to online U.S. equity trades in a Fidelity account with a minimum opening balance of $2,500 for Fidelity Brokerage Services LLC retail clients.
Child's Money. Many banks, brokers, and mutual funds will let you set up a custodial Roth IRA if your child is a minor (under age 18 in most states including Texas; under age 19 and 21 in others). Waterworth Wealth Advisors has the ability to open these accounts for our clients' children. 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.