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.
Contribution limits for 2015 and 2016: Under 50 years of age: $5,500 Age 50 and over: $6,500. Note that your contribution limit applies to all of your IRA accounts (Roth and traditional) collectively; they donât each get a $5,500 limit.