You may not remember this, but several months ago the SEC penalized three AIG affiliates $7.5 million for charging $2 million in extra 12b-1 fees as a result of directing
“The SEC systematically failed to enforce for the past two decades, and now the DOL has by necessity forced the issue.”
The Child IRA is not only a great idea, it’s an active strategy being used by professionals right now.
Current or prospective parents and grandparents may be interested in looking into child modeling as a way for their children and grandchildren to generate the earnings necessary to take advantage of The Child IRA.
How $1,000 a year through the end of high school can give a newborn baby at $2.25 million head start to living a comfortable retirement!
Between using past performance to suggest future results and using forecasts to try to time the market, which is the lesser evil?