Retirement Accounts for Kids

Sovereign Confidential

Monthly Letter

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Personal finance circles are generally abuzz this time of year with admonitions to not spend any money on Christmas presents, especially if you’re part of the F.I.R.E. – Financial Independence Retire Early - movement.

But if you’re really into it, might we suggest setting your kids on F.I.R.E.? Bad joke, but a good concept. Get them started with investing at age 8 (vs. 28) and they could be set for life. (Especially if they leave the money alone until normal retirement age, around 60.)

Usually at this time of year, we publish our annual Gift Guide. 

This year, we decided to focus on a gift that could really keep on giving… one that could help any kid in your life – your own, your grandkid, the neighbor’s kid - get ahead on the road to financial freedom.

Click here to learn about Retirement Accounts for Kids.

“The first rule of compounding: Never interrupt it unnecessarily.” Charlie Munger (1924-2023) If anyone knew about investing, and especially about compound interest, it was the late Charlie Munger. We’d love to ask him whether he opened retirement accounts for his children and at what age. (We’re guessing he opened trusts for them while they were…

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