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 IRAs do not have any age limits or a Required Minimum Distribution. You can open a new Roth IRA at age 85 if you want, and start saving for your âretirement.â However, Roth IRAs have a very major restriction: you canât contribute any money to a Roth IRA if your Adjusted Gross Income is above a certain amount.