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.
With Roth IRAs, there are no age restrictions for contributions. Investors age 50 and older can contribute $5,500 for 2016, plus a âcatch-upâ contribution of $1,000 for a total maximum possible IRA contribution of $6,500. That doesnât mean that you have to invest the full amount; any contribution will help build savings for the future.