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2. Custodial Roth IRAs: Everything Parents Need To Know - AOL

   www.aol.com/custodial-roth-iras-know-181258629.html

   Once the child reaches the age of majority–18 or 21–the custodial Roth IRA becomes a Roth IRA. At this point, the custodian no longer has decision making authority over the account.

3. Should I Open a Roth IRA for My Kids in 2024? - AOL

   www.aol.com/open-roth-ira-kids-2024-073000916.html

   How a custodial Roth IRA works. A Roth IRA is a tax-advantaged account that comes with many benefits, such as tax-free income during retirement and the ability to withdraw funds for college ...

4. Surprise! Your Child Can Build a Million-Dollar Roth IRA ...

   www.aol.com/surprise-child-build-million-dollar...

   The maximum amount you can contribute to a child's custodial Roth IRA in 2024 is $7,000. If your child's income is less than that, their contribution will be capped at their earned income. For ...

5. How to Build a Million-Dollar Retirement for Your Child ...

   www.aol.com/build-million-dollar-retirement...

   Since you open a custodial Roth IRA on behalf of your child, you can manage the account until they can legally do so, typically at the ages of 18 or 21 in most states. This means you can also ...

6. This CPA dad opened these investment accounts for his babies ...

   www.aol.com/finance/cpa-dad-opened-investment...

   To qualify for a custodial Roth IRA, your child needs to earn wages from a job — and pay taxes on that income — whether that’s a babysitting gig or working at the grocery store.

7. 11-Year-Old Aspiring Investor Asks: Roth IRA Or UGMA? Suze ...

   www.aol.com/11-old-aspiring-investor-asks...

   While the child would gain control of the account once they reach adulthood, the funds in a Roth IRA are generally inaccessible before age 59½ without incurring taxes and penalties, except in ...