The government wants to give newborns $1,000. That could grow to nearly half a million by retirement age.
Joe Anderson, Senior Wealth Manager and Founding Partner at Serae Wealth, explained to Houston Chronicle:
“ ‘It is a staggering figure,’ said Joe Anderson, senior wealth manager and founding partner at Serae Wealth. ‘I think people overlook the power of time when it comes to money growing, and this really reflects that.’ … ‘This is a way to create generational wealth,’ Anderson said.”