Open a Roth IRA for Kids? YES - Here's How!

Looking to give your child a financial head start? Opening a Roth IRA for them might just be the unfair advantage you need! I'm Noel Lorenzana, an experienced CPA, and I'm here to walk you through the savvy process of setting up a Roth IRA for your child. YES, it's possible, and YES, I'll show you exactly how to get it done!

In this video, we'll dive into the practical steps to open a Roth IRA for kids, even if they don't have official tax documents. Learn how you can invest in your child's future tax-free and ensure they reap the benefits down the road.

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Hey there, welcome to my channel! I'm Noel Lorenzana, a Registered CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!

On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.

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Thanks for watching my video on, Open a Roth IRA for Kids? YES - Here's How!

Disclaimer: This video, and the ideas presented in it, are for entertainment, and informational purposes only and should not be construed as accounting, tax, or legal advice. It is your responsibility to take all necessary steps to independently verify and ascertain that any information you choose to rely on from or take action based on this video is accurate.

⏱️VIDEO CHAPTERS⏱️
00:00 - Introduction to Roth IRA for Child
00:30 - Eligibility Requirements for Minors
01:04 - Step-by-Step Guide to Opening a Child's Roth IRA
03:00 - Important Rules and Limitations
03:45 - FREE Tax Deductions Cheatsheet

Replay Video Link:    • Open a Roth IRA for Kids? YES - Here'...  

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