The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Roth IRA||Date: 1/19/2000 9:02 PM|
|Author: pmarti||Number: 25532 of 121572|
<< Can a minor (youth-type person) open a Roth? Under 18 years old with W-2 income. >>
From a tax law perspective, yes. There is no minimum age, as long as you have earned income.
I don't know whether your minority presents a problem from the general law side (the inability of minors to contract, etc.). I'd suggest you look at the application form from your prospective custodian. If your age presents a problem, it should be apparent in the information they give you as part of the application.
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