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 Contribution Limits for Individuals Under 50. Individuals who are under 50 years old may contribute $5,500 to an IRA. This amount is the maximum you may deposit per year across all IRAs you may have with multiple providers, including both Traditional or Roth IRAs. For example, you could contribute $2,500 to a Roth IRA with one provider and $3,000 with a second provider. You cannot contribute $5,500 to the first Roth IRA and $5,500 to the second provider. Your total contribution limit is $5,500 for all accounts for the tax year.