From Cradle to Retirement: The Child IRA

How to start a newborn on the road to comfortable retirement while still in a cozy cradle

If there were an easy way for every newborn child to retire a multi-millionaire, wouldn’t every parent want to know it? The concept is quite simple. From the moment your baby is born, you save $1,000 a year in a Child IRA until the baby’s 19th birthday. Then you do nothing. If that money is invested for the long-term and earns 8% (which is 3% less than the average 11% long-term return for stocks), then, when that child retires at age 70, the Child IRA account would have grown to two-and-a-quarter million dollars. Don’t you think parents want to know what they could do right now to allow their child to benefit from a Child IRA? Author Christopher Carosa thinks so. In From Cradle to Retirement, Carosa expertly pieces together these thoughts and interviews to reveal a practical “How-to” guide for parents, grandparents, and their financial advisers seeking to help young children reap the benefits of the Child IRA. Within this hands-on guide, Carosa weaves the fascinating history of the cultural views of retirement in America and the implications these have had on public policy. Finally, and perhaps of greatest interest, Carosa reveals real-world case-studies of people who have created actual Child IRAs for their children. It’s harder today for parents to leave their children a better life, but this one simple tool all but guarantees you can.

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Do Any of These Sound Familiar?

We told you it would be easy! What do these regular routines have to do with making your child retire a Multi-Millionaire?

Going on a dinner date?

Do you regularly go out to dinner (at a real restaurant, not a fast food joint) with your special someone? If so, according to Zagat’s you’re probably spending about $40 a person (for a total of $80 a dinner).

Got a family, you say?

Perhaps, in your busy schedule, you find it necessary to have your family meal at that aforementioned fast food joint (that’s about $5 a head for a total of $20 a meal for a family of four).

Still not striking any chords with you?

How about that daily Frappuccino frenzy (about $3 a cup)?

The Practical Child IRA

The Practical Child IRA

While modeling for third parties is quite competitive and demanding, there is a large market where it would be quite effortless for children to model for: their family’s business. As long as parents and grandparents pass reasonable wages and stay within the applicable child labor laws, they can hire their own children to model for their business marketing materials. When children grow older, they can […]

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The Ideal Child IRA

The Ideal Child IRA

Now, I know what you’re thinking: If this is such a great idea, why isn’t everyone doing it? Well there are two very good reasons why we don’t see Child IRAs blossoming in mutual fund accounts all across this land. First, not many people know about The Child IRA. Second, and more important, even if people are aware of The Child IRA, they aren’t currently […]

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The Child IRA Explained

The Child IRA Explained

What if I told you there was a way to easily brush aside those fears for those children? What if I told you the solution doesn’t involve fancy products, fly-by-night salesman, or too-good-to-be-true promotional pitches. Would you be interested to discover how people are already doing it? Well it’s all laid out in a series of recently published articles. What I’m talking about is The […]

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