<prompt> Human: Im a 15 year old male who received quite the sum of money for my birthday. I dont want to spend it on stuff like video games or shoes like most teenage guys would. I want to invest it smartly. Im also wondering what the rules on putting money into an IRA are. Any advice would be welcome. Thank you in advance!  <response>: Have you worked at all this year? You are only allowed to contribute to a Roth IRA up to the amount of taxable income you earned this year, or 5,500, whichever is smaller.I would take 100 and spend it on games and shoes, then put the rest into an account to save up for a carcollege. 