3 ways to help your child retire with $1 million — or more
141d ago
Business
MarketWatch
A recent financial strategy suggests that investing $1,544 at a child's birth could potentially lead to a $1 million retirement fund. The strategy highlights the power of compound interest and early investment. However, the feasibility of this claim depends on factors like consistent market returns, inflation, and investment choices. While theoretically possible, achieving such a substantial return requires careful planning and a degree of market luck. It's crucial to consult with a financial advisor to assess realistic investment goals and tailor strategies to individual circumstances and risk tolerance.