Calculator

Roth IRA Calculator 529 vs Roth Calculator

Where your child's financial journey begins.

Company

Legal

Support

Halfmore, Inc. is a financial technology company, not a bank or investment advisor. Halfmore does not provide tax, legal, or investment advice. We do not serve in a fiduciary capacity, nor do we act as a broker-dealer or investment advisor. We expressly disclaim the provision of any fiduciary, broker-dealer, or investment advisory services, endorsements, recommendations, or advice. For tax, legal, or investment advice, please consult your own tax attorney or financial professional.

Where your child's financial journey begins.

Company

Legal

Support

About Us Our Service Pricing FAQ Blog

Calculator

Roth IRA Calculator 529 vs Roth Calculator

A Roth IRA, started at home

Everyday tasks.
A once-in-a-lifetime head start.

The household tasks your child already does become earned income - which funds a Roth IRA that compounds tax-free for decades.

See if they qualify

★ 4.8 on the App StoreIRS-compliant by design

Why now

Time is the most powerful investing advantage.

The same Roth IRA contributions, started ten years earlier, end up far ahead.

Both contribute the same $20,800 ($40/week for 10 years) - time does the rest.

$1.3M

Start at age 8

$543k

Start at age 18

Projected to age 60 at a 9% average annual return. Illustrative; not investment advice.

DIY vs Halfmore

The Roth IRA is easy. The compliance isn't.

IRS-compliant earned income for your child takes payroll, documentation, recordkeeping, and tax filings.

Doing it yourself

Determine compliant work and wages

Guided household tasks and wages

Set up household employment

Employer setup handled

Run payroll and maintain records

Payroll and records automated

Prepare tax filings and W-2s

Required filings and W-2s handled

Coordinate Roth contributions

Connect your preferred brokerage

How it works

Get started in minutes. We'll handle the hard parts.

Choose household tasks

Select age-appropriate housework and a reasonable wage.

Halfmore handles compliance

We document the work, run payroll, and prepare the required tax forms.

Fund their Roth IRA

We coordinate contributions to their custodial Roth IRA at your preferred brokerage.

Trust & compliance

The compliance that makes it real, handled for you.

IRS-compliant bona fide household employment structure

Payroll records and documentation maintained

Required federal and state tax filings and W-2s prepared

Your investments held at your brokerage of choice

Popular choices include:

Halfmore facilitates payroll and compliance. It does not manage or custody your investments.

Loved by parents

Parents who started - in their words.

Real reviews from families already building their child's head start.

★★★★★

Clear, thoughtful, and built with families in mind

Halfmore makes it easy to teach our child responsibility while providing a financial head start. The platform is clear, thoughtful, and built with families in mind — we feel great knowing we’re helping our child build long-term security.

Jeff

Verified App Store review

★★★★★

Great easy way to save for children’s Roth IRA

Before I was doing my own payroll for my kids through QuickBooks but I discovered Halfmore and it’s actually cheaper and easier than trying to do it myself. I love the app and how I can track chores to my kids and get the documents I need to retain such as paystubs tax forms etc. A real hidden gem.

mekakitsune

Verified App Store review

★★★★★

Simple & effective

I was initially nervous about opening Roth IRA for my child but this app made the process stress-free and secure! Its super straightforward and provides clear guidance! Couldn’t recommend it more!

jamie

Verified App Store review

★★★★★

The experience with Halfmore has been remarkably easy

They do all the difficult parts for you - getting a business set up, processing payroll, sending contributions to the Roth IRA. So glad we found these folks at Maker Faire and my kid pestered me to get it set up!

DonicaJean

Verified App Store review

★★★★★

Easiest way to set your kids up to be millionaires

The app is awesome; very user-friendly! The customer support is top notch. I hit a couple of tiny snags during the set-up phase, but after that everything else has been smooth sailing. I’m so glad that I found them…and you will be too.

LKalani

Verified App Store review

★★★★★

Really Well Put Together

This app has been easy to use, and helps save for the kids. The only drawback, is if you forget to check off the chores each day, it only allows you to go back 1 week, so you have to check all the chores frequently. I’ve recommended this app to my friends w kids.

SunsetCK

Verified App Store review

★★★★★

Makes maintaining a custodial Roth IRA easier!

This is a great and intuitive app for dealing with the paperwork associated with setting up a custodial Roth IRA

FatFIRESoon

Verified App Store review

★★★★★

Clear, thoughtful, and built with families in mind

Halfmore makes it easy to teach our child responsibility while providing a financial head start. The platform is clear, thoughtful, and built with families in mind — we feel great knowing we’re helping our child build long-term security.

Jeff

Verified App Store review

★★★★★

Great easy way to save for children’s Roth IRA

Before I was doing my own payroll for my kids through QuickBooks but I discovered Halfmore and it’s actually cheaper and easier than trying to do it myself. I love the app and how I can track chores to my kids and get the documents I need to retain such as paystubs tax forms etc. A real hidden gem.

mekakitsune

Verified App Store review

★★★★★

Simple & effective

I was initially nervous about opening Roth IRA for my child but this app made the process stress-free and secure! Its super straightforward and provides clear guidance! Couldn’t recommend it more!

jamie

Verified App Store review

★★★★★

The experience with Halfmore has been remarkably easy

They do all the difficult parts for you - getting a business set up, processing payroll, sending contributions to the Roth IRA. So glad we found these folks at Maker Faire and my kid pestered me to get it set up!

DonicaJean

Verified App Store review

★★★★★

Easiest way to set your kids up to be millionaires

The app is awesome; very user-friendly! The customer support is top notch. I hit a couple of tiny snags during the set-up phase, but after that everything else has been smooth sailing. I’m so glad that I found them…and you will be too.

LKalani

Verified App Store review

★★★★★

Really Well Put Together

This app has been easy to use, and helps save for the kids. The only drawback, is if you forget to check off the chores each day, it only allows you to go back 1 week, so you have to check all the chores frequently. I’ve recommended this app to my friends w kids.

SunsetCK

Verified App Store review

★★★★★

Makes maintaining a custodial Roth IRA easier!

This is a great and intuitive app for dealing with the paperwork associated with setting up a custodial Roth IRA

FatFIRESoon

Verified App Store review

Pricing

One flat fee. Everything included.

$99.99/year - that's $8.33/month, billed annually.

14-DAY FREE TRIAL

Halfmore

$8.33/mo

$99.99 billed annually

Covers up to 5 children per family

Set up a Roth IRA & automate contributions
Turn household tasks into earned income
Payroll, W-2s & tax filings - taken care of
Use your own brokerage

Start their account

We don't manage your child's Roth IRA or charge fees based on the amount you contribute.

Their head start

What could your child have at 60?

Watch decades of tax-free growth add up.

Your child's age5

Weekly amount$40

Projected value at age 60

$2.0M

$27,040 contributed · the rest is tax-free growth

Illustrative only. Assumes contributions through age 18 and a 9% illustrative annual return, projected to age 60. Actual results vary. Not investment advice.

FAQ

Questions, answered

What is Halfmore?

Halfmore lets you employ your own child for household tasks, turns that work into documented earned income, and routes it into a custodial Roth IRA - handling the payroll, W-2s, and filings along the way.

Why use Halfmore when I can open an account at Fidelity myself?

The account is the easy part. The hard part is the earned income a Roth IRA requires - a legitimate employment relationship, payroll, wage records, and W-2s. That’s what we handle.

Can they access the money before retirement?

Yes - more than most parents expect. Contributions (the dollars actually paid in) can be withdrawn at any time, at any age, tax- and penalty-free. The investment growth stays invested until age 59½, with key exceptions: up to $10,000 of earnings can go toward a first home purchase, and qualified education expenses avoid the early-withdrawal penalty. So the account is built for retirement, but the principal is never locked away.

Is it legal for my child to work?

Yes. Children can be legally employed for household work under IRS and child-labor rules. Halfmore structures the relationship to stay within them.

What’s the minimum age?

Halfmore is built for children ages 4–17. The work must be real and age-appropriate - and we help you keep it that way.

How does this affect our taxes?

We provide the documentation; specifics depend on your situation. We’re not a tax advisor - consult your own professional.

Are returns guaranteed?

No. A Roth IRA holds investments, and its value depends on what you invest in and market performance. Halfmore handles the employment and contribution structure - not investment returns.

Still have questions?

Join our free weekly webinar - a live walkthrough plus Q&A on Halfmore and custodial Roth IRAs.

Save my spot Or email support@halfmore.co

529 PLAN PARTNERJ.P. Morgan Asset Management

Saving for college too? Explore the FuturePath® 529.

Learn more →

The FuturePath® 529 is a college-savings partnership. It is separate from the custodial Roth IRA and is not an endorsement of any Halfmore retirement product by J.P. Morgan Asset Management.

Most parents wish they'd started sooner.

Household tasks become earned income. Earned income becomes a Roth IRA that grows tax-free for life. The sooner you start, the more time does the work.

See if you qualify14-day free trial · No charge for 14 days · Cancel anytime

A Roth IRA, started at home

Everyday tasks.
A once-in-a-lifetime head start.

The household tasks your child already does become earned income which funds a Roth IRA that compounds tax-free for decades.

See if they qualify

★ 4.8 on the App StoreIRS-compliant by design

Scroll

A ROTH IRA FOR YOUR CHILD

Time is your child's most powerful investing advantage.

The same Roth IRA contributions, started ten years earlier, end up far ahead.

Roth IRA value at age 60

Start at age 8

Start at age 18

Both contribute the same $20,800 ($40/week for 10 years) - time does the rest.

Illustrative 9% average annual return. Not investment advice.

DIY vs Halfmore

The Roth IRA is easy. The compliance isn't.

IRS-compliant earned income for your child takes payroll, documentation, recordkeeping, and tax filings.

Doing it yourself

Determine compliant work and wages

Guided household tasks and wages

Set up household employment

Employer setup handled

Run payroll and maintain records

Payroll and records automated

Prepare tax filings and W-2s

Required filings and W-2s handled

Coordinate Roth contributions

Connect your preferred brokerage

How it works