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.
Typical rules for Roth IRAs. To be eligible to open a custodial Roth IRA, the child must meet all the same requirements as an adult would. The minor must have earned income, and contributions are limited to the lesser of total earned income for the year and the current maximum set by law, which for 2015 and 2016 is $5,500.