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.
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement.Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're age 59Â½ or older, you can withdraw your money when you want to and you won't owe any federal taxes.o age limit. Contributions to a Roth IRA don't have to stop when you reach age 70Â½, the cut-off for a traditional IRA. You can put money in your account for as many years as you want, as long as you have earned income that qualifies.