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by Christopher Carosa (Author)
For Parents Who Want To Sleep Better... ...and Worry Less About Their Children's Future. You go to college to get a comfortable job. You get a good job because you desire a comfortable career. You desire a comfortable to achieve a comfortable retirement. But you can't get a comfortable career if you keep job hopping. And you job hop because you can't get a comfortable job. And you can't save for retirement because your college loans are too high. But what if there were a way to bypass the financial burden of college and earn a millionaire retirement before you graduate high school? For the same price of the average annual private college tuition spread out over six years (not one), your teenager can retire a millionaire (without needing to be an investment wiz)! You tell your child to study hard, get into a good college, start on a good career track. Why? So your child can retire in comfort. But, what if there's a way to jumpstart your child's retirement before your teen graduates from high school? The Parent's Guide to Turning Your Teen Into a Millionaire describes precisely how to do this. And it's incredibly easy. Can you believe that so few people take advantage of this opportunity? Well, you don't have to be one of those people. You can turn your teen into a millionaire before high school graduation! According to the 2017 OASDI Trustees Report, officially called "The 2017 Annual Report of the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds," the portion of Social Security devoted to funding the retirement of millions of Americans will be insolvent by 2034. From that year on, Social Security will only be able to pay 77% of its obligations, with that number growing increasingly smaller during the 75-year projection period of the report. The cumulative effect of the decades-long growing Social Security deficits will imperil the American economy to the point of perhaps driving it to third world status.But there is a solution to ease the burden on Social Security and reduce the size of the eventual bail-out making good on the promise of Social Security will require. It's a simple, straight-forward solution. How simple is it? It's so simple you don't need a high school diploma to do it!The concept of The Child IRA came about by accident when award winning research and writer Christopher Carosa was working on a story about the benefits of contributing to a retirement plan early. Originally based on a graphic he used when teaching teenagers wishing to earn their Personal Management Boy Scout merit badge, Carosa accidently entered a "Age 0" in his spreadsheet instead of "Age 15." This got him to wonder: What if we started contributing to an IRA from the moment we were born? This led to his initial book on the subject From Cradle to Retirement: The Child IRA. He's now refined that concept by focusing on how teenagers can use an IRA to retire as multi-millionaires. This is before the child - as an adult - even begins saving for retirement out of their own adult earnings. Talk about a head start! Talk about an easy way to replace dependency on Social Security!In researching for his new book, The Parent's Guide to Turning Your Teen Into a Millionaire, Carosa has discovered people who are using it now (yes, it's possible, but only under very specific but surprisingly everyday circumstances). How could we make more people aware of these opportunities? How can we help more people take advantage of this for themselves (and their children)? Finally, what simple legislative tweaks can broaden the availability of The Child IRA to everyone, not just the lucky few who happen to be (literally) born into the right set of circumstances.These are just some of the questions discussed and answered. In between, you'll discover real life example via interviews with actual parents and children who have created and benefited from The Child IRA.
