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.
A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA. You cannot deduct contributions to a Roth IRA. If you satisfy the requirements, qualified distributions are tax-free.You can make contributions to your Roth IRA after you reach age 70 Â½.You can leave amounts in your Roth IRA as long as you live. The account or annuity must be designated as a Roth IRA when it is set up.The same combined contribution limit applies to all of your Roth and traditional IRAs.ou can leave amounts in your Roth IRA as long as you live. The account or annuity must be designated as a Roth IRA when it is set up. The same combined contribution limit applies to all of your Roth and traditional IRAs.