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Why Your Baby Needs a Retirement Account
Robert Reynolds, in The Washington Post; subscription may be required Link to more items from this source
[Opinion]
Aug. 25, 2014
"How early should people start saving for retirement? [Answer:] When they're born.... There have been suggestions that for every time a child is born to contribute $1,000 to an account and they get it when they retire. They will see the compounding effect, and it will make them savers their whole lives.... [If] you can save at 10 or 10-plus percent, with Social Security you will have more than 100 percent income replacement in retirement. And 30-plus million Americans are on track to replace 100 percent of their income."

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