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.
There is no age minimum for opening a Roth. The requirement (as far as kids are concerned) is that contributions to a Roth IRA must be from eligible earned income, and contributions cannot exceed annual income. Translation â if your kid does not earn any money, you cannot open and fund a Roth IRA for them.o in 2010, a single person cannot contribute more than than $5,000 to a Roth IRA. However, some brokerages, like Fidelity as an example, may require your child to be 18 years old. In that case, you need to find a broker who will allow them to open an account.