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Blazing a Trail Towards Financial Independence

Blazing a Trail Towards Financial Independence

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UTMA

Give Your Kids’ Finances an Unbeatable Head Start

March 14, 2019 by Mr. Heartland on FIRE

I write a lot about how my wife and I are furiously saving for retirement. But, as my wife kindly reminded me, “what about the kids?! “

The pursuit of Financial Independence (FI) focuses on living below your means and reaping the rewards of compounding gains. If it is possible for someone who only started saving in their 30s to reach FI by then, can you imagine what is possible when their savings snowball starts rolling when they are born? So, let’s dive into the numbers and strategies and see what is possible.

[Read more…] about Give Your Kids’ Finances an Unbeatable Head Start

Filed Under: Annual Planning, FI Progress, Retirement, Savings, Uncategorized Tagged With: 529 vs ESA, Custodial Account, Saving for Your Kids, UGMA, UTMA

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