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.
Roth IRA Eligibility Requirements. 1  You must be 18 years of age or older with earned income (custodians may make a contribution for children 18 and younger to a Roth IRA for Minors). 2  Can continue to make contributions after age 70, as long as you have earned income. You must be 18 years of age or older with earned income (custodians may make a contribution for children 18 and younger to a Roth IRA for Minors). 2  Can continue to make contributions after age 70, as long as you have earned income. 3  You must have Modified Adjusted Gross Income (MAGI) under certain thresholds: