A child whose parent is foresighted enough to launch a Child IRA will be a millionaire by the time they’re 18, says financial expert Christopher Carosa. (Photo: iStock)

An expert says that toddlers could be on their way to becoming millionaires by the time they can vote, and will never have to rely on Social Security to retire — provided their parents are savvy enough to open IRAs for them when they’re still in nursery school.

Chris Carosa, financial author and journalist, as well as president of Carosa Stanton Asset Management in Rochester, N.Y. who also writes for BenefitsPRO, has an idea that he believes in enough that he’s written a book about it. The notion? A  Child IRA.

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