Related Posts
How do you earn $500k and still feel average?
I’m 26 weeks pregnant and trying to figure out my leave. I live in NJ and work at PwC, any fishes know the policy for NJ and PwC? The leave center has not been much help and I want to plan NOW not like 60 days before. I was told NJ gets two weeks before due date and PwC gives you two weeks as well.
More Posts
Hi Fishes,
How much can I ask from BNY Mellon for the role of Lead Full-Stack Engineer.
My Tech stack: Java, Spring Boot, Microservices, React, Node and AWS
YOE: 7.5 years
CCTC: 23.71L all fixed. Have received MVP bonus of 1.6L EY Tata Consultancy Deloitte Accenture PwC ZS Associates PwC
Please do comment and put your thoughts.
How good is to join @coforge as senior developer
Thoughts on XT?
This made me chuckle.

Additional Posts in Personal Finance Bowl
What does 401k mean?
Paid off my account debt!
New to Fishbowl?
unlock all discussions on Fishbowl.




Do you own a business? Is the kid working? As long as they have an earned income, they can contribute to an IRA. If they're under 18 there are some extra steps you need to take, but as long as there's income, they can open and contribute to an IRA
You can't
Agree with the other responses that they can't be your employee if you don't have a business. However, they don't need to be an employee to contribute to a Roth IRA, just have earned income. Here is Fidelity's language on their custodial Roth IRA page...
To open and contribute to a Roth IRA for Kids, your child (under age 18) simply needs to earn income—whether it's as a babysitter, lifeguard, dog-walker, you name it.
Tip: If your child didn't receive a W-2 for the work, just keep a log of their income to validate your contributions, if asked.
Keep in mind: Filing a tax return for the child is NOT required if they earn less than the IRS standard deduction amount ($15,000 in 2025).