From Cradle to Retirement: The Child IRA: How to start a newborn

In good used condition. Cover has some signs of wear. Check out my page for more books. Bundle and save! 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.