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How to generate a lifetime of savings for a newborn

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Manage episode 502756618 series 30363
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Chuck became a grandfather for the first time on Sunday and has been planning how he will help his grandson financially for years, but today he chats with financial adviser and author Chris Carosa, author of "From Cradle to Retirement," about "Child IRAs," and how he plans to create an income for the baby and then invest that money into a Roth IRA to provide decades of tax-free growth. Carosa also discusses the new "Trump accounts," which give newborns $1,000 and allow parents to contribute more, and discusses how he would prioritize saving for a child's future.

Sudipto Banerjee, global retirement strategist at T. Rowe Price, discusses the firm's research into retirement savers which showed that younger savers tend to follow a homogeneous path as they start out, but older investors — while generally getting more conservative as they age — take personalized, diverse paths as they age and get into their retirement years.

In the Market Call, Aniket Ullal, head of ETF research at CFRA Research, discusses exchange-traded funds and why the firm's methodology has him high on developed international funds right now.

  continue reading

2200 episodes

Artwork
iconShare
 
Manage episode 502756618 series 30363
Content provided by Money Life with Chuck Jaffe and Chuck Jaffe. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money Life with Chuck Jaffe and Chuck Jaffe or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Chuck became a grandfather for the first time on Sunday and has been planning how he will help his grandson financially for years, but today he chats with financial adviser and author Chris Carosa, author of "From Cradle to Retirement," about "Child IRAs," and how he plans to create an income for the baby and then invest that money into a Roth IRA to provide decades of tax-free growth. Carosa also discusses the new "Trump accounts," which give newborns $1,000 and allow parents to contribute more, and discusses how he would prioritize saving for a child's future.

Sudipto Banerjee, global retirement strategist at T. Rowe Price, discusses the firm's research into retirement savers which showed that younger savers tend to follow a homogeneous path as they start out, but older investors — while generally getting more conservative as they age — take personalized, diverse paths as they age and get into their retirement years.

In the Market Call, Aniket Ullal, head of ETF research at CFRA Research, discusses exchange-traded funds and why the firm's methodology has him high on developed international funds right now.

  continue reading

2200 episodes

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