I am only 17 years old. I don't have a job or pay taxes. Can I contribute to an IRA?
You must have earned income (eligible compensation) to be eligible to contribute to a Roth IRA. Individuals who are eligible to establish an IRA, but are under the age of majority as determined by their state of residence, may need to have a parent or legal guardian complete and sign all related documents.
This question was answered by Denise Appleby