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| Kidira Comparison |
To better compare the Kidira and other investments, we have prepared this chart to showcase their similarities and differences.
| Features |
Kid IRAŽ |
529(b) |
401(k) |
IRA |
Roth
IRA |
Whole
Life
Ins. |
Savings
Acct. |
Savings
Bonds |
| Tax-advantaged deposit |
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| Tax-advantaged withdrawal |
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| Flexible Spending |
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| In child's name? |
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| Can be used as child's retirement account |
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| Can be used to invest in stock market? |
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| Can be used to invest in real estate? |
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| Can be used to invest the child's business ventures? |
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| Can be used to pay for day care expenses? |
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Can be used to pay for other school expenses
(supplies, books, materials, clothes, uniforms) |
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| Can be used to pay for private school tuition (elementary,high school, etc.)? |
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| Designed to pay for college tuition fees? |
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Can be used to pay for other college-related expenses
(food, rent, utilities, books, travel? |
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| $5000 per year @ 12% for 10 years* |
$87,744 |
$61,421 |
$65,808 |
$65,808 |
$61,421 |
$61,421 |
$28,743 |
$33,017 |
| Kidira Difference |
|
$26,323 |
$21,936 |
$21,936 |
$26,323 |
$26,323 |
$59,001 |
$54,727 |
* Assumes an annual compound interest rate of 12% with a current tax rate of 30% and a post-retirement tax rate of 25%
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Search: 
6/10/2010: Raising Child Costs $222K, College Not Included: The cost of raising a child is rising. And expectant parents better get ready for some serious sticker shock - $222,360 worth.
6/10/2010: CSU trustees to may raise student fees 10%: California State University trustees have raised fees 8 times in 10 years. Now they are prepared to raise fees again on June 18 by 5 or 10%
6/8/2010: 4 Things to Know About 529 Plan Withdrawals: Withdrawals are not necessarily tax free, even in years with heavy college costs.
5/25/2010: Public colleges, universities grapple with tuition hikes: Last year, published prices for tuition and fees increased an average of 6.5%, to $7,020, the College Board says.
IRAs for Kids: It will only take a few seconds for you to realize how powerful this can be for your child's investing and financial future. - Motley Fool
Start your kids on the Roth road: ...a Roth IRA offers the greatest opportunity for growth because the money grows tax-free. Kids don't need the deferred taxes feature of a traditional IRA because they're probably not paying taxes. - Bankrate.com
Why Your Kids Need a Roth IRA: Looking for the perfect gift for your children? Open a Roth for them, and start them on the road to retirement security. - Kiplinger
