Parents or grandparents can use the Child IRA to help minor children from newborns to teenagers save for the future.
Next time you see a cute baby scooting across the floor in a diaper commercial, you might take a moment to consider what will become of the money the little tyke is earning.
Hopefully it's been saved and invested – perhaps even deposited in a Child IRA.
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But given child labor laws, is such an account only for child models or actors? No, says award-winning financial writer Christopher Carosa. It's also available to babies and children whose only acting experience is a meltdown in the checkout line at the grocery store.
Carosa has been writing about Child IRAs for many years (including for the BenefitsPRO readership). Now he's released his latest book, From Cradle to Retirement – The Child IRA – How to start a newborn on the road to a comfortable retirement while still in a cozy cradle.
Using examples and case studies, he shows how parents or grandparents can use the Child IRA to help minor children from newborns to teenagers save for the future. To learn more, visit ChildIRA.com.
Carosa has more than three decades of experience working in the trust and investment industry, including 20 years as President of Carosa Stanton Asset Management, LLC and Chairman of the Board of Bullfinch Fund, Inc. For more information on Christopher Carosa, visit Fiduciary News.
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