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Can a 16 year old without a job or income, open a Roth IRA account? or does one need a job, showing a W2?

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Can a 16 year old without a job or income, open a Roth IRA account? or does one need a job, showing a W2?

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  1. And yes, the IRS will check for the W2.


  2. You must have EARNED income to fund any IRA.  Therefore if you don't have a job, you can't contribute to one.  You could have millions in unearned income and you wouldn't be able to contribute to an IRA.

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