1st Chance Finance Announces Official Launch of New Unique Platform to Help Parents Open, Fund, and Manage Custodial IRA Accounts for Minors
New York, NY, Nov. 10, 2025 (GLOBE NEWSWIRE) -- 
1st Chance Finance is thrilled to announce the launch of its unique platform, designed to help parents and guardians open, fund, and manage Custodial IRA accounts for minors by unlocking the most common barrier to funding these accounts: qualified earned income.
“Typically, parents wait until a child is of working age, around 14-16 years old, before contributing to this type of account,” says Founder and CEO, Ken Opulent. “However, that is missing out on all those years of compounding interest. Our patent-pending business methods and first-of-its-kind platform make this attainable for a child of any age.”
1st Chance Finance enables families to create an account in minutes through a streamlined, 100% secure process. From there, parents complete a few simple forms and select the appropriate contribution path that aligns with their goals and budget. The platform then connects families with age-appropriate promotional campaigns to share 1st Chance Finance’s mission with the world, while offering guaranteed enrollment that generates documented income suitable for IRA eligibility—supported by agreements and records that parents can access at any time.
From offering tailored financial education to empowering parents to begin investing for their child, 1st Chance Finance’s three-step mission includes:
Prepare the next generation: Equip parents and children with a clear path toward a successful financial future.
Teach what compounds: Deliver accessible financial literacy focused on the power of starting early, contributing consistently, and letting compound growth do the heavy lifting.
Provide qualified earned income: Make it simple for a child of any age to qualify for a Custodial IRA by enrolling them in our marketing and promotional campaigns that spread the platform’s mission and generate documented, compliant income.
“Parents want to start early but hit a wall when they learn kids need earned income to fund a Custodial IRA,” furthered Mr Opulent. “We remove that barrier by offering secure, trackable marketing campaigns for kids—plus the resources to turn that first dollar into long-term wealth, allowing you to start investing for your child.”
Beyond income pathways, 1st Chance Finance offers a growing library of financial-education resources tailored to parents and kids: practical explainers, account comparisons, tool roundups, and how-to guides that make complex topics simple, like when a Custodial Roth IRA makes sense, what qualifies as earned income, portfolio-monitoring tips for kids’ accounts, and more.
“1st Chance Finance’s processes, documentation, and reporting are designed to align with current IRS rules and definitions for earned income that enable Custodial IRA contributions,” said independent CPA Ron Johnson.
Furthermore, the platform emphasizes clear records, transparent onboarding, and a range of helpful guidance, such as the Earned Income Requirement, which keeps families confident and compliant.
“Time in the market matters most,” added Mr Opulent. “Starting early with small, regular contributions—paired with real-world lessons about saving, investing, and compounding—can set children on a path to financial independence, with parents acting as coaches and guardians along the way. 1st Chance Finance curates tools and guidance so families can learn, act, and iterate together.”
1st Chance Finance encourages parents to visit the website to create an account, enroll their child in a campaign, and access educational resources, such as how to Teach Your Kids Financial Literacy today.
About 1st Chance Finance
1st Chance Finance helps families unlock investment opportunities for their children by pairing qualified earned-income campaigns with plain-English financial education. The platform streamlines setup, record-keeping, and compliance, so parents can open and fund Custodial IRAs and other youth-focused accounts with confidence—and give their kids a true first chance at long-term wealth.
More Information
To learn more about 1st Chance Finance and get started, please visit the website at 1stchancefinance.com.
1st Chance Finance 55 Water Street New York NY 10038 United States +1-347-719-3194 https://1stchancefinance.com/
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