Halfmore: Roth IRA for Child

Halfmore: Roth IRA for Child

College, Home, Retirement

71 ratings
20 reviews
Free

Details

  • Released
  • Updated
  • June 7, 2024
  • August 2, 2026

Features

Halfmore: Roth IRA for Child screenshot #1 for iPhone
Halfmore: Roth IRA for Child screenshot #2 for iPhone
Halfmore: Roth IRA for Child screenshot #3 for iPhone
Halfmore: Roth IRA for Child screenshot #4 for iPhone
Halfmore: Roth IRA for Child screenshot #5 for iPhone
Halfmore: Roth IRA for Child screenshot #6 for iPhone
Halfmore: Roth IRA for Child screenshot #7 for iPhone
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About

Empower your child's financial future by turning household chores into earned income for a custodial Roth IRA. This app automates the process, handles legal and tax compliance, and helps your child build generational wealth tax-free. It also provides valuable financial education.

Custodial Roth IRA for children
Earned income from household tasks
Automated legal and tax compliance
IRS-compliant record keeping
Tax-free growth and compound interest
Financial education for kids
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What's New in Halfmore

1.109

August 2, 2026

- Added new features and fixed bugs!

User reviews

Not available in over half the states!

Got excited about Halfmore and was signing up, but after they took my registration info, it blocked me from registering since it’s not available in my state! Super disappointed, and now they have my info without me being able to use the service. Will update review once I’m actually able to use it!

Easy

It’s perfect. Very detailed and I can see everything. Everyone needs to do this for their kids.

App doesn’t work

Don’t waste your money getting this app. EXTREMELY BUGGY. You click on something and then the app just exits out of itself when you’re trying to put in work tasks.

I’ve never experienced so buggy . Why are they not fixing this ? Great potential but unfortunately not the right app.

Can’t cancel plan - found bugs

I really like the the concept and idea. Started a free trial and try to cancel but it crashes and won’t let me cancel.

Also think it would be best if the kids could actually start a business underneath their parents.

Very impressive

I’ve been using the app for almost a year. I can’t imagine how much work this would have been for me to set this up myself. The UX is great, the team is responsive, and I really like how the app integrates with external accounts I already have. This is one of the smoothest experiences I’ve had with a personal finance product and every day that I use it I feel grateful to give my daughter a gift like this. Thank you to the Halfmore team!
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FAQ

What does Halfmore do?

Halfmore simplifies opening custodial Roth IRAs for children by allowing parents to convert household tasks into earned income. This income can then be invested in a Roth IRA, where it grows tax-free and benefits from compound interest, helping to build long-term wealth for your child.

How does the app handle legal and tax compliance?

The app automates all necessary legal paperwork and payroll processes, ensuring full IRS compliance and adherence to child labor laws. It also automatically generates and maintains W-2s and all required state wage reporting documents, eliminating the need for manual forms or expensive accountant fees.

What are the costs associated with using Halfmore?

The provided information indicates that the app offers affordable plans and saves users money compared to traditional legal and tax services. Specific pricing details are not provided, but the focus is on making wealth-building accessible.

Who is the target audience for this app?

This app is designed for parents in the U.S. who are looking for a straightforward way to establish a Roth IRA for their children. It's ideal for families who want to teach their children about financial responsibility and long-term planning through real-world experience.

Where is the child's Roth IRA held?

Your child's Roth IRA is held with reputable financial institutions such as Fidelity, Charles Schwab, or Vanguard. Halfmore acts as a facilitator and never directly handles your funds, prioritizing your family's financial security.