# Halfmore: Roth IRA for Child — College, Home, Retirement > Custodial Roth IRA for children, funded by household tasks. (iPhone/iPad app by Halfmore, Inc..) - Source: https://appshunter.io/ios/app/halfmore-roth-ira-for-child/id6502849053 (this page in markdown: same URL + `.md`) - Developer: [Halfmore, Inc.](https://appshunter.io/developer/1747054522) - Category: Finance, Lifestyle - Price: Free - Rating: 4.80/5 from 71 App Store ratings · 20 written reviews indexed - Age rating: 4+ - Requires: iOS 15.1 · 101 MB - Languages: American English - Released: 2024-06-07 - Data updated: 2026-08-25 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/halfmore-roth-ira-for-child/id6502849053/reviews.md ## What is Halfmore? Halfmore makes it simple for parents to open custodial Roth IRAs by turning everyday household tasks into earned income. Your child's money then grows tax-free with the power of compound interest, potentially reaching millions by retirement. BUILD GENERATIONAL WEALTH. Just $50 a week from ages 7 to 17, at 8% growth, could exceed $1M by retirement. Proven strategies once reserved for the affluent, now available for every family. AUTOMATED & COMPLIANT. From legal paperwork to payroll, everything is handled. Fully IRS-compliant and aligned with child labor laws. SEAMLESS TASK TRACKING. Log tasks, set pay, and keep IRS-ready records with ease. TAX REPORTING. W-2s and all required state wage reporting documents are automatically generated and maintained. No manual forms or expensive accountant fees. FLEXIBLE CONTRIBUTIONS. Contribute up to $7,500 annually (2026 limit) or your child's total earned income, whichever is less. SECURE & TRUSTED CUSTODIANS. Your child's Roth IRA is held with top institutions like Fidelity, Charles Schwab, or Vanguard. Halfmore never touches your funds - we prioritize your family's financial security. FINANCIAL EDUCATION. Kids learn about money, work ethic, and long-term planning through real-world experience, developing valuable habits that last a lifetime. AFFORDABLE PLANS. Save thousands vs. traditional legal and tax services. 24/7 SUPPORT. Expert help is available anytime you need it. Halfmore turns small, consistent steps today into life-changing wealth for tomorrow. // Currently available to U.S. citizens and permanent residents only. // ## Key features - 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 ## Recent user reviews (10 of 20) All indexed reviews: https://appshunter.io/ios/app/halfmore-roth-ira-for-child/id6502849053/reviews.md ### 1/5 — Not available in over half the states! *2026-07-26* 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! ### 5/5 — Easy *2026-06-22* It’s perfect. Very detailed and I can see everything. Everyone needs to do this for their kids. ### 1/5 — App doesn’t work *2026-04-14* 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. **Developer response:** We sincerely apologize for the inconvenience you experienced. The recent app version had a bug that caused the app to shut down when assigning monthly tasks, and we've already fixed the issue and pushed the update. As you can see from our update history, our team actively ships new features and improvements on a weekly basis to improve our customers' experience. We're confident you'll have a great experience using the service. Our customer support is also available 24/7 for you at support@halfmore.co if you run into any issues. Thank you for your patience, and we appreciate the opportunity to make this right. ### 2/5 — Can’t cancel plan - found bugs *2026-03-13* 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. **Developer response:** Thank you for the kind words about the concept. Regarding cancellation: we have a 100% track record of processing cancellations and full refunds when requested. We set a high standard for customer support, and that applies equally to customers who choose to stop using the service. It sounds like you experienced a technical issue, which we can definitely improve. But we are also confident that your cancellation has been processed. If you have any concerns, please reach out to us at support@halfmore.co. Thank you again for trying Halfmore. ### 5/5 — Very impressive *2026-03-03* 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! ### 5/5 — Setting up my kids for the future *2025-09-10* When it comes to figuring this stuff out, it’s not my forte. I was able to reach out to their team for questions I had and they addressed quickly. All I need to do now is a couple of quick clicks to confirm work completed each week and pertinent information is all captured for me. Easy peasy. We are on our way to saving a little nest egg for our little kids’ futures. ### 5/5 — I recommend it *2025-08-14* I’ve been using Halfmore for over two months, and I'm very impressed. It's super easy to start and works well with my child’s Fidelity retirement account. It helps with all the paperwork to ensure a child’s chores are compliant and usable for a retirement account. I wish I had done it earlier. ### 5/5 — Great! *2025-07-27* The onboarding and set up was more intensive than I was expecting. However, once it’s set up, I think it’s worth it in the long-term. If Kids did all the chores, it’s easy to confirm all chores. Tax benefit income for the kids ### 5/5 — Great app! *2025-07-27* I wish I knew this sooner. It took a bit to set up but I’m happy I did. ### 5/5 — Set up for the future *2025-07-27* I recently set up the Halfmore app for my kids, and it’s been a game changer! The setup was super easy, and I love how it helps teach responsibility and goal-setting in a fun, interactive way. My kids are more motivated than ever to complete tasks and save toward rewards. The app is user-friendly, and I appreciate how it keeps me involved without having to constantly remind them. Highly recommend it for any parent looking to build good habits early on! ## Frequently asked questions about Halfmore ### 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. ## Version history (last 5 releases) ### 1.111 — 2026-08-18 - Added new features and fixed bugs! ### 1.110 — 2026-08-09 - Added new features and fixed bugs! ### 1.109 — 2026-08-02 - Added new features and fixed bugs! ### 1.108 — 2026-07-25 - Added new features and fixed bugs! ### 1.107 — 2026-07-18 - Added new features and fixed bugs! ## Apps similar to Halfmore | App | Rating | Price | Category | | --- | --- | --- | --- | | [Mesa](https://appshunter.io/ios/app/mesa/id6553957119) | 3.9 (85) | Free | Finance | | [Mostt: Investing for Parents](https://appshunter.io/ios/app/mostt-investing-for-parents/id6596767612) | 4.7 (58) | Free | Finance | | [Foyer Home Savings](https://appshunter.io/ios/app/foyer-home-savings/id6470331282) | 4.9 (395) | Free | Finance | | [Casa Shares](https://appshunter.io/ios/app/casa-shares/id6667117553) | 4.6 (8) | Free | Finance | | [Renalta: Earn 6% APY](https://appshunter.io/ios/app/renalta-earn-6-apy/id6744462410) | 4.6 (162) | Free | Finance | | [Backer: Smart 529 Savings](https://appshunter.io/ios/app/backer-smart-529-savings/id1486259059) | 4.7 (504) | Free | Finance | ## Related topics [sofi roth ira](https://appshunter.io/ios/topics/sofi-roth-ira) · [roth tsp](https://appshunter.io/ios/topics/roth-tsp) · [brightstart 529](https://appshunter.io/ios/topics/brightstart-529) --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-25.*