Finding grants to help start a company that cares for the elderly can help fund a potentially lucrative business that also helps people. Step 1. Determine how much funding you intend to seek, as well as the overall costs for your business.
Like adults, minors are subject to the maximum annual contribution limits for Roth IRAs. As of 2012, the maximum contribution limit is $5,000 per tax year for investors under the age of 50. A minor may not contribute more than $5,000 to a Roth IRA.
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.