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.
Determine your maximum contribution. Take into consideration the standard limits on contributions as well as how much you can afford. 1  Through 2014, the limit for contributions to a Roth IRA is $5,500 if youâre younger than 50 years old. 2  If you are 50 years old or older, the annual limit is $6,500.