Do you want to create a financial legacy for a young person, especially a newborn? This podcast and video explains Paul’s plan for his new granddaughter, which is adaptable by any investor. [Podcast listeners are encouraged to watch the video and/or view the Slides and Tables below]. Paul is joined by Daryl Bahls, Director of Analytics for The Merriman Financial Education Foundation, and Chris Pedersen, Director of Research. Daryl uses “the numbers” to explain possible outcomes and help you assess the variables of a long-term investment plan for the life of a child or grandchild.
You will learn:
- How to create a fund for your grandchild, child, or other youngster you want to help, which can build a lasting legacy.
- How to put some money aside that can compound tax free or tax deferred for the rest of their life and cause them to likely remain true to your original goals.
- How this process works, which theoretically is pretty simple.
- How to consider the personal and variable outcomes of this method.
- How to use the Tables that simulate for variables.
Paul turns over presentation to Daryl around :15
Chris Pedersen joins in around :45
Daryl Bahls—Tables:
Slides: Fund For A Grandchild—How to create a lasting legacy for your grandchild
Return Tables: Fund For A Grandchild
Read: How $10,000 Will Help My Newborn Granddaughter Have a Better Retirement: https://paulmerriman.com/how-10000-will-help-my-newborn-granddaughter-have-a-better-retirement/
