FutureMoney x Halfmore: Custodial Roth IRAs, Made Possible for Every Family
For the first time for our FutureMoney community, parents can now access Custodial Roth IRAs . With Halfmore handling payroll and compliance, and FutureMoney powering the investments, turning household tasks into IRS-compliant earned income has gotten easier than ever.
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Why Custodial Roth IRAs?
We all know the power of Roth IRAs - tax-free growth and compounding.
Custodial Roth IRAs make it possible to start building wealth for your child as early as age 4. Until now, setting one up could mean significant costs in legal, accounting, and tax filings.
With FutureMoney x Halfmore, that changes. Here’s what it unlocks:
IRS-Compliant Income for Kids:
Turn household tasks into IRS-compliant earned income - eligible for custodial Roth IRA contributions.
Tax-Free Growth:
Contributions grow tax-free, can be withdrawn anytime penalty-free, and all funds withdraw tax-free in retirement.
A Bigger Opportunity:
Contribute up to $7,000 per year per child (vs. a $35k lifetime cap for Junior Roth).
Generational Wealth, Simplified:
What was once reserved for the 1% is now accessible to all families.
“A Roth IRA is one of the smartest ways to build long-term wealth especially when you start early. Halfmore removes the complexity and makes it accessible for every family.”
Doug Radtke
CPA
Pricing Plans
Available Q4 2025
Introducing Generations Plan
Household EIN
Family Payroll
Child Tax Reporting
Management Fee: 0.25%
Roth IRA
Traditional IRA
General Investing
529 Accounts
Generational Wealth
Custodial Roth IRA
- EIN
- Family Payroll
- Child Tax Credits
Accounts under $20,000:
$15/month
Get Started
How it works:
Establish employment
Halfmore creates a bona fide employment relationship for your child and sets up the paperwork.
Assign household tasks
Parents decide and monitor household tasks; Halfmore ensures they meet IRS and child labor laws
Automated compliance
Halfmore runs payroll, submits W-2s, and routes contributions directly to your child’s Roth IRA
FutureMoney invests
See your child’s savings grow through a fully digital, unified experience with access to Junior Roth IRAs, 529 Plans, and more, all managed in one place.
By replacing the expensive services of legal professionals, payroll agents, and tax advisors with our AI-powered platform, we enable every family to legally establish a bona fide household employment relationship with their child, run compliant payroll, and invest in a
Roth IRA. We’re saving families over $2,000 a year versus managing it yourself.
Halfmore replaces costly legal, payroll, and tax services with an AI platform that helps families legally employ their child, run compliant payroll, and invest in a Roth IRA.
“Our goal at Halfmore is to help the next generation of Americans build over $2 trillion in retirement assets. We’re excited to partner with FutureMoney to bring that vision to life.”
Isaac
CEO of Halfmore
CEO of Halfmore
Why Families Choose FutureMoney
Tax-Advantaged Options
We offer Junior Roth IRAs, 529 Plans, and more to maximize your savings’ growth.
Automated Contributions
Set up recurring investments to grow your child’s account effortlessly.
Transparency for Co-Parents
Share account progress while keeping finances separate.
Flexible Goals
Save for anything - college, a first home, or retirement - all in one platform.
Fully Managed Portfolio Accounts
Expert-built, diversified portfolios for every family
Start Investing Today
It has never been easier to give your child a lasting financial head start. With FutureMoney and Halfmore, everyday household tasks become a foundation for lifelong, tax-free growth.
Investment options
FutureMoney offers many investment account types for investing for children with tax-advantages, control and security.
01
Exclusive
Junior Roth IRA
Invest for your children and grow the money tax-free without the need for earned employment income.
02
General Investing
A General Investing Account gives you full control over investments, with flexibility on when to gift or access assets, unlike a UTMA/UGMA account.
03
529
Lets you grow savings tax-free for education expenses, with a best in class digital experience.
FAQs
How do Halfmore and FutureMoney work together?
Halfmore sets up IRS-compliant employment, runs payroll, and issues W-2s. FutureMoney then invests those wages into your child’s Roth IRA or other accounts, giving you a fully managed digital experience. We work together on the backend to ensure this is all done through one seamless experience.
Why can’t I just open a custodial Roth IRA directly with a broker?
Why can’t I just open a custodial Roth IRA directly with a broker?Opening the account is only step one. The IRS requires contributions to come from legitimate earned income with thorough documentation and tax filings. Halfmore ensures that income is legal and documented and takes care of all the backend, while FutureMoney grows it through investments.
Is my child really old enough to do this?
Yes, children as young as 4 can participate when parents assign age-appropriate household tasks. Halfmore ensures the work complies with IRS and child labor laws, and FutureMoney handles the investment side.
Is it legal for my child to be paid for chores?
Yes. Federal labor and tax laws allow parents to employ their children for non-hazardous, age-appropriate household tasks such as basic organizing, cleaning, or yard maintenance. Halfmore provides the necessary employment agreements, payroll runs, and W-2 filings to ensure everything is IRS-compliant.
How can my minor child generate an earned income?
Minor children can earn legitimate income through age-appropriate work, which the IRS recognizes and allows when properly structured and documented. Just like families hire and compensate nannies or tutors, parents can employ their children for tasks that match their age, capabilities, and local labor laws.
Following IRS Publication 926 guidelines for household employers, common examples include household tasks like basic organizing, cleaning, or yard maintenance. The key is establishing a bona fide employment relationship with proper documentation (W-2s or 1099s), reasonable compensation based on local market rates, and detailed records of work performed. Halfmore automates this entire process - from establishing legal employment arrangements to managing payroll and tax documentation - ensuring your family's arrangement is fully compliant while saving you countless hours of complex paperwork and regulatory research.
Following IRS Publication 926 guidelines for household employers, common examples include household tasks like basic organizing, cleaning, or yard maintenance. The key is establishing a bona fide employment relationship with proper documentation (W-2s or 1099s), reasonable compensation based on local market rates, and detailed records of work performed. Halfmore automates this entire process - from establishing legal employment arrangements to managing payroll and tax documentation - ensuring your family's arrangement is fully compliant while saving you countless hours of complex paperwork and regulatory research.
Does my child need to file taxes, and how does it impact my own tax filing?
Your child may need to file taxes if their earned income exceeds the threshold. As an example, the 2024 federal income threshold was $13,850.Additional state tax filings may be required as thresholds vary by state. However, this doesn't affect their dependent status or your tax benefits. Also, you can continue your regular tax filing process without any changes.
Is my money safe?
- Yes. Here’s how:
- Custodial Roth IRAs are securely held with Altruist, trusted by 5000+ advisors.
- Your assets are protected up to $500,000 through SIPC coverage
- Your data is kept safe using bank-level AES-256 encryption
- Even if you stop using Halfmore or FutureMoney, your child’s account remains theirs, and is accessible through the custodian. Assets can be transferred or managed independently without losing tax benefits.
How much can my child contribute each year?
Contributions are limited to the lesser of your child’s earned income (via Halfmore) or the IRS annual cap ($7,000 in 2025). FutureMoney ensures contributions stay within these limits.
