cvsd
11-28-2006, 09:30 PM
Anyone know who has the lowest minimum and fees? My 12 year old will have about $100 of earned income this year from soccer. When we set my oldest up I had a heck of time finding one with a $250 minimum but I don't know about $100. I would like to find an index fund that can just sit and be added to every year.
P.S. A child can put up to $4000 of earned income away in a Roth. You can let them keep the money they earn for their own needs and put the money in yourself. We match up to $500 of earned income but since this is first year working we can only put in $100 or whatever it adds up to be.
P.S. A child can put up to $4000 of earned income away in a Roth. You can let them keep the money they earn for their own needs and put the money in yourself. We match up to $500 of earned income but since this is first year working we can only put in $100 or whatever it adds up to be.