App Profile: Halfmore: Roth IRA for Child

About Halfmore:

We help your child build wealth early with a custodial Roth IRA: Small savings now can grow into a multi-million dollar retirement fund! We make it easy and fun to convert your child's chores into Roth IRA contributions.

Parent Features:

- Legal arrangements: Parents can set up legal arrangements to employ their child
- Chores management: Parents can assign and manage chores
- Payroll management: Parents can manage payroll for their child's income
- Documentation: Parents can generate work history documentation for tax purposes
- Tax filing: Parents can file federal and state taxes.

Child Features:

- Daily planning: Kids can organize and track their daily chore schedule
- Customization: Kids can customize their calendar with time blocks and playful stickers
- Goal-setting: Kids can track their completed tasks to build their time management skills

Halfmore was founded by Stanford, Google, and Teach For America alumni tired of the wealth gap among American children. We aim to democratize access to intergenerational wealth, starting with kids age 5+.