A family that plays together, saves together. Establishing a Child IRA benefits the next generation. Given its tremendous power, the Child IRA remains one of the most under-appreciated retirement savings tools available. In the remaining chapters, weâll present a virtual âhow-toâ manual that shows how different groups of people can implement and enjoy the advantages of the IRA.
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Here it is: How Does The Child IRA Work? The Kickstarter Video (best if viewed full screen): Next
â…just in case the politicians fail to act and have to scale back the [Social Security] promise, wouldnât âmiddle class millionaireâ status be a great gift of financial independence?â
The Child IRA is not only a great idea, it’s an active strategy being used by professionals right now.
Current or prospective parents and grandparents may be interested in looking into child modeling as a way for their children and grandchildren to generate the earnings necessary to take advantage of The Child IRA.
How $1,000 a year through the end of high school can give a newborn baby at $2.25 million head start to living a comfortable retirement!
In this amazing interview, each answer could write its own headline!
“In the future, people will look back on todayâs era with wonder and astonishment, finding it hard to believe there once was a time when the standard was not applied â just as people today look back at racial segregation, womenâs suffrage and similar eras.”
The process of transferring assets is not without its own liabilities. The exact nature of the fiduciary risk depends on the nature of the transfer.
Itâs critical that plan sponsors consult with compliance professionals before adding the Deemed IRA feature.
