Custodial Roth IRA: Unlock the power of tax-free growth for your kid
Custodial Roth IRA: Unlock the power of tax-free growth for your kid
Apr 2, 2025
businessinsider.com
A custodial Roth IRA is a type of individual retirement account (IRA) that is typically established for the benefit of a minor. The custodian, who is typically a parent or legal guardian, manages the account on behalf of the minor until they reach the age of majority. One of the main advantages of a custodial Roth IRA is that it allows parents or other adults to save for a child's future while also taking advantage of the tax benefits of a Roth IRA. Contributions to a custodial Roth IRA are made
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