How to Create a Financial Legacy for a Child
Sound Investing
00:00
How to Set Up a Fund Like This for Your Grandchild
This is the power of 95 years of compounding. It's impressive. If you're a numbers geek, there are some very interesting observations that come out of it and I hope can help you decide how to try to set up a fund like this for your grandchild. So moving on, these sets of tables we just went through here were all assumed to baseline return of 12%. What happens if you only get 10% every year, year in, year out? The real amount for the total benefit was 10, little over $10 million, it's now $1.9 million. And so you can see how that affects your particular scenario that you may be interested in looking at.
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