Jennifer Walsh · October 10, 2026
I am not a financial advisor or tax professional. Everything here is educational content based on my own experience and publicly available IRS rules — not personalized financial advice. Always confirm details on irs.gov or with a qualified tax professional before making decisions for your family. You’ve already decided you want to open a custodial … Read more
Jennifer Walsh · October 10, 2026
Can grandparents open a Roth IRA for a grandchild? In most cases, yes — and it may be one of the most powerful financial gifts you can give. Most major brokerages allow a grandparent to serve as custodian on a custodial Roth IRA for a minor grandchild. However, a handful of brokerages still restrict custodianship … Read more
Jennifer Walsh · October 10, 2026
One of the most common questions I see asked in self-directed investor forums goes something like this: “Can I pay my kid for doing chores so they have earned income to fund a Roth IRA?” I completely understand the instinct. The Roth IRA is one of the most powerful tax-sheltering tools available, and wanting to … Read more
Jennifer Walsh · October 10, 2026
If you bank with Chase and hoped to open your child a Chase custodial Roth IRA, I have to be straight with you right from the start: you cannot do that today. Chase / J.P. Morgan Self-Directed Investing does not offer a custodial Roth IRA for minors. I know that is not the answer you … Read more
Jennifer Walsh · October 10, 2026
Here is the mistake I see mentioned constantly in every parenting-and-money forum I follow: someone opens a custodial Roth IRA for their kid, feels great about it, and then does absolutely nothing with the money inside. It just sits there — in the brokerage’s default settlement fund or money market account — earning somewhere between … Read more
Jennifer Walsh · October 10, 2026
A question I see asked constantly in investing communities goes something like this: “Should I open a custodial account or a Roth IRA for my kid?” It sounds simple. However, the answer depends entirely on which of three very different accounts you are actually comparing — and most of the confusion comes from the fact … Read more
Jennifer Walsh · May 19, 2026
Last spring, I was reading about a parent wanting to open a Schwab custodial Roth IRA for their 14-year-old daughter who’d earned $312 from a summer job at a local bakery. That question — “Can we do this at Schwab?” — is one I’ve seen asked more than almost any other when it comes to … Read more
Jennifer Walsh · May 9, 2026
It is one of the most common questions I see asked: a fifteen-year-old earns $3,200 lifeguarding over the summer, and a parent wants to know where that money should go. The answer is often a Fidelity custodial Roth IRA — an account a surprising number of parents have never heard of. Once you work through … Read more
Jennifer Walsh · March 1, 2026
Financial Disclaimer: This content is for educational purposes only and does not constitute financial advice. Consult a qualified financial advisor before making investment decisions. Key Takeaways What Is a Vanguard Custodial Roth IRA and How Does It Work? A Vanguard custodial Roth IRA is a tax-advantaged individual retirement account opened by an adult custodian — … Read more
Jennifer Walsh · February 19, 2026
This content is for educational purposes only and does not constitute financial advice. Consult a qualified financial advisor before making investment decisions. Key Takeaways What Is the Best Custodial Roth IRA for 2026? If you are looking for low-cost custodial Roth IRA accounts for minors, every provider on this list charges $0 in annual fees … Read more