Source: Loan Digest (loandigest.net)
The person that wrote this should be fired
With financial repression $3k left to kids will prob be worth $4.75
Duhhh..... assumption: An investment that's likely to grow at 12% over a very long time.
Or more likely about $1500, if mommy and daddy like to go to the track, Vegas or Atlantic City a bit too often....
Huge what if’s especially if the account draws a constant 12% ROI, but regardless the idea works. Long-term growth pays off
4.75 million or 50 million? Big difference...
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