FAQs

Below are some frequently asked questions that you may be asking yourself. To find out the answers, simply click on the question and you will be presented with the answer.

If you still have any questions, please contact your personal Kid IRAŽ advisor or send an e-mail to accountsupport@kidira.org.

View FAQs for:
General
  1. What is your company, The KidIRA Foundation?
  2. What is a "Kid IRAŽ"?
  3. How does it work?
  4. How much does it cost?
  5. Why start now?
  6. How do I get started?
Earning
  1. How much can I earn monthly?
  2. How much can I earn over time?
  3. How do I get paid?
  4. How do I earn my first paycheck?
  5. Are there free places to earn money from?
  6. How will a portion of KidIRA transactions be paid to me?
  7. What is a qualified KidIRA transaction? Are there any free options?
Account
  1. Do I have to open an account with you?
  2. Who manages the KidIRA account?
  3. Are you a bank(er)?
  4. How do I open a custodial Roth IRA account (Kid IRAŽ) ?
  5. Who manages the bank account?
  6. Do I need a bank account?
College Savings
  1. How much will college cost?
Payments
  1. How do I get paid?
  2. How do I earn my first paycheck?
  3. Do I need a bank account?
Shopping
  1. How will a portion of KidIRA transactions be paid to me?
  2. What is a qualified KidIRA transaction? Are there any free options?

General

  1. What is your company, The KidIRA Foundation?

    The KidIRA Foundation is a not-for-profit corporation set up to assist students in investing for their education, while educating them in the basic fundamentals of financial literacy. We not only teach families, but also give them the tools to earn for college and more.

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  2. What is a "Kid IRAŽ"?

    A "Kid IRAŽ" , pronounced Kid I.R.A.is the tax-free way for students to earn money today, and invest it for their educational needs tomorrow, and other activities today. Financially, it is a custodial Roth IRA account that is funded by the online purchases designated to support each deserving student. The KidIRA Foundation was set up to allow supporters to easily contribute by simply making online purchases and other online transactions.

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  3. How does it work?

    The concept is simple. KidIRA pays you to market its stores. As your parents and other supporters shop, a portion of their purchases will be paid to you.

    Example A: Using KidIRA

    A KidIRA Parent buys $100 worth of school supplies at Office Depot. Their KidIRA child earns up to $8.

    Example B: Without KidIRA

    Another parent buys the same $100 worth of school supplies at Office Depot. Their child earns nothing.

    Which child do you want to be? Sign Up Now

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  4. How much does it cost?

    It costs nothing to sign up. We want KidIRA to be something that adds value to families, not take it away.

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  5. Why start now?

    If you started today, you can earn an EXTRA $38,449 for college or up to $7,909,362 for retirement. The longer you delay, the more money you will lose out on.

    [ estimate your extra by starting today]

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  6. How do I get started?

    To get started, just go to our quick sign-up page and we'll be there to assist you every step of the way.

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Earning

  1. How much can I earn monthly?

    Your marketing efforts are compensated based on actual shopping volume. The more shopping/transactions, the more you can earn. This amount can be greatly increased with each additional supporter you invite. Click on the calculator icon to use our estimator to forecast possible outcomes.

    [ estimate your earnings]

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  2. How much can I earn over time?

    Because of your age, you are able to use one of most powerful financial instruments: Time. Below is a chart that shows how much you can earn from now until a you reach 18 years of age.

    [ estimate your earnings]

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  3. How do I get paid?

    With KidIRA, all monies are paid directly to you on a monthly basis as W-2 income. To keep costs low, we have a $50 minimum balance before funds can be sent. Funds will either be in a paper check format, or a direct deposit to your savings account.

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  4. How do I earn my first paycheck?

    Your first paycheck is not that far away. With KidIRA Parents conducting everyday shopping, KidIRA Students are earning 250 per month. We deliver all paychecks on the first of each month, payable to your name, once your balance reaches $50. The easiest ways to raise your balance is to:

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  5. Are there free places to earn money from?

    Absolutely! We have a shopping page dedicated to identifying free ways to earn money. Our only policy is that that all transactions must be made with the intent on soliciting the services being offered. So, if you're filling out an auto loan application, it must be with the actual intent of obtaining an auto loan. False submissions will void the transaction and can be a cause for membership deactivation.

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  6. How will a portion of KidIRA transactions be paid to me?

    As your Supporters conduct qualified transactions at stores in our KidIRA Network, a portion of their purchases (or a flat fee) is credited back to KidIRA and we then distribute payments to our KidIRA students. There will be no difference in the price paid. You can also typically use coupon codes as you would when shopping normally.

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  7. What is a qualified KidIRA transaction? Are there any free options?

    A qualified KidIRA transaction is an action conducted on a KidIRA store, using links from our site, or our KidIRA Toolbar. Here are but a few examples:

    • Buying household goods at Target.com
      • Cost: $50
      • Base Commission: $1.50 (@ 3%)
      • Link
    • Filling out a life insurance application on NetQuote
      • Cost: $0
      • Base Commission: $22-$55
      • Link
    • Opening an OptionsXpress account and depositing at least $100
      • Cost: $0
      • Base Commission: $75
      • Link

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Account

  1. Do I have to open an account with you?

    Once you sign up online, you will be creating a KidIRA account for them. As we send paychecks in their name, you will need to open a bank account in their name with you, their parent, as the custodian. With this account, you also have the option of setting up direct deposit for your paychecks.

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  2. Who manages the KidIRA account?

    Each KidIRA account is managed by the student, with oversight by their parents.

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  3. Are you a bank(er)?

    No, we are not a bank. We provide the education and empower students with the tools in which they can earn their own money by simply marketing our network of KidIRA Stores.

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  4. How do I open a custodial Roth IRA account (Kid IRAŽ) ?

    We provide detail and instruction on our Roth IRA Setup page And, if you open an custodial IRA account for your child with our KidIRA partner, optionsXpress, you can earn a base commission of $75!

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  5. Who manages the bank account?

    Custodial bank accounts are managed by both the student, and their parents.

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  6. Do I need a bank account?

    Yes. Because we are sending payments directly to you, you will need to open a bank account in your name. We have instructions on our Bank Account Page if you need additional info.

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College Savings

  1. How much will college cost?

    One of the main reasons to set up a Kid IRA is to help you save for college. To better understand how much college will cost, here is a useful calculator that tells you how much college will cost you.

    [ estimate your cost]

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Payments

  1. How do I get paid?

    With KidIRA, all monies are paid directly to you on a monthly basis as W-2 income. To keep costs low, we have a $50 minimum balance before funds can be sent. Funds will either be in a paper check format, or a direct deposit to your savings account.

    [return to top]

  2. How do I earn my first paycheck?

    Your first paycheck is not that far away. With KidIRA Parents conducting everyday shopping, KidIRA Students are earning 250 per month. We deliver all paychecks on the first of each month, payable to your name, once your balance reaches $50. The easiest ways to raise your balance is to:

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  3. Do I need a bank account?

    Yes. Because we are sending payments directly to you, you will need to open a bank account in your name. We have instructions on our Bank Account Page if you need additional info.

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Shopping

  1. How will a portion of KidIRA transactions be paid to me?

    As your Supporters conduct qualified transactions at stores in our KidIRA Network, a portion of their purchases (or a flat fee) is credited back to KidIRA and we then distribute payments to our KidIRA students. There will be no difference in the price paid. You can also typically use coupon codes as you would when shopping normally.

    [return to top]

  2. What is a qualified KidIRA transaction? Are there any free options?

    A qualified KidIRA transaction is an action conducted on a KidIRA store, using links from our site, or our KidIRA Toolbar. Here are but a few examples:

    • Buying household goods at Target.com
      • Cost: $50
      • Base Commission: $1.50 (@ 3%)
      • Link
    • Filling out a life insurance application on NetQuote
      • Cost: $0
      • Base Commission: $22-$55
      • Link
    • Opening an OptionsXpress account and depositing at least $100
      • Cost: $0
      • Base Commission: $75
      • Link

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