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I haven’t done the math, but imagine if your parents gave you $5000 annually until you’re 18, their company matched it with $2500. That’s $135,000. If that compounds 3X, then you have roughly $400,000 to start life.
Use it for education, a business, to buy your first home, or just keep investing it.
I heard that it becomes an IRA, if it’s not used for education. So perhaps you can’t use it right away, but take that money out to 65 and you get astounding numbers.
I ran the numbers and a nominal return on that money would yield an inflation-adjusted $7M in today’s dollars. Every child would theoretically retires a multi-millionaire.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
By Kevin Jackson4.7
137137 ratings
I haven’t done the math, but imagine if your parents gave you $5000 annually until you’re 18, their company matched it with $2500. That’s $135,000. If that compounds 3X, then you have roughly $400,000 to start life.
Use it for education, a business, to buy your first home, or just keep investing it.
I heard that it becomes an IRA, if it’s not used for education. So perhaps you can’t use it right away, but take that money out to 65 and you get astounding numbers.
I ran the numbers and a nominal return on that money would yield an inflation-adjusted $7M in today’s dollars. Every child would theoretically retires a multi-millionaire.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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