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.
There is no age threshold or limit for making Roth IRA contributions. For example, a teenager with a summer job can use the funds for a Roth IRA contribution. Also, someone working after the age of 70Â½ can continue to make Roth IRA contributions (in contrast to a traditional IRA, which bars contributions after age 70Â½).