Ira Gallery — Teen

Think of your Roth IRA as a gallery where each contribution is a piece of art that grows in value over time.

: You can eventually use up to $10,000 of your earnings penalty-free for a first home purchase. Summary Table: Teen Roth IRA at a Glance 2025 Rules 2026 Rules Max Contribution Requirement Earned Income Earned Income Tax Status After-tax (Roth) After-tax (Roth) Management Custodial (Adult Managed) Custodial (Adult Managed) teen ira gallery

Since minors cannot legally open investment accounts themselves, a parent or guardian must set up a custodial account . Think of your Roth IRA as a gallery

A common myth is that Roth IRA money is "locked away" until age 59½. A common myth is that Roth IRA money

: You contribute after-tax dollars . This is a massive win for teens who are typically in a 0% or very low tax bracket.