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By Stewart Welch, reposted from AL.com:
How would you like to help your child blaze a path towards becoming a multimillionaire and teach them the value of hard work and the importance of saving for the future all at the same time? Here’s a concept that I call The Roth-Child Strategy… a play on words related to the famous Rothschild family. You may remember that during the 1800’s the Rothschild family accumulated what was believed to be the largest private wealth in the world. Their name is synonymous with wealth even today. The Roth-Child Strategy harnesses the combined power of the Roth IRA along with the power compounding of investment returns over long periods of time. Here’s an example of how it might work: