What are the new 530A Child Retirement Accounts?
A new type of traditional individual retirement account for eligible minors through the IRS Department of the Treasury. (irs.gov)
How can I open and claim a Child Retirement Account?
Visit Investamerica.org to claim your kids account.
Who qualifies for the $1,000 contribution pilot program?
U.S. Citizens with a valid SSN born after December 31, 2024.
Who qualifies for a $250 contribution?
U.S. Citizens with a valid SSN under the age of 10 before January 1, 2025 that live in a ZIP code with a median household income of <$150,000.
Are there other types of Child Retirement Accounts?
Yes. Visit our resource page on Kids Investment Accounts for a full list of account options.
How much can the funds grow over time?
Visit this online growth calculator tool to check out the potential of your child's account in the future!
Still have questions?
Navigating the options can feel overwhelming. Our role is to simplify the process and help your family make confident decisions. Let's build a plan for the future-- together. Contact a Provident Investment Advisor below.
