Introducing the Retirement InCome for Everyone Trust^®

When it comes to children and savings, most people only think about college costs. That's great, and worthwhile, too. And if you start early, you won't have to struggle as much to pay for college when those bills arrive. But what's the real purpose of sending a youngster to college?

It's to get an education so your child can get a good job. Then, with a good job, they can earn a decent wage so they can save for their own retirement, like you, and hopefully live comfortably in their later years. Well, why not help them by setting aside some money for their retirement while they're still young?

Think about it…if you set aside $5,000 for a newborn for 65 years … and if you didn't touch that money the entire time… and if that money was to grow 7% annually … you'd have … more than $400,000! Set aside $20,000 and you might amass $1.6 million! (A 7% return is purely hypothetical. The S&P 500 Stock Index, according to Ibbotson Associates, has returned an average of 9.6% annually since 1926. There is no assurance that any particular return will be obtained.)

As exciting as this concept is, you'll discover two challenges when trying to do this. First, the above math doesn't include the annual tax liability you'd incur on the investment's potential earnings. And second, money you set aside for a child that is accessible when he or she reaches age 18 (or 28, 38 or 48, for that matter), may well be spent by the child long before he or she reaches retirement. This isn't surprising, considering the financial challenges associated with marriage, homes, child-rearing and college.

The RIC-E Trust® addresses both these issues for you, helping you provide a more secure retirement for your children and grandchildren.