Unique Holiday Gift for a Child: Assistance Toward Retirement Security
For Immediate Release
November 30, 2007
mbagley@RicEdelman.com
703-227-0541
FAIRFAX, Va., Nov. 30—Parents and grandparents are discovering a truly meaningful holiday gift for young children: a path toward a financially secure retirement.
Using a unique and patented investment program, the Retirement InCome for Everyone Trust (“RIC-E Trust”), more than 3,000 parents and grandparents have already established accounts to help their young children better achieve financial security in retirement. There’s still time to create an account before the holidays.
A RIC-E Trust can be started with as little as $5,000. There are no annual taxes on the earnings; all taxes are deferred until the child receives the money in retirement. There is a one-time set-up fee of $300.
Unencumbered by annual taxes, the fund maximizes the advantages of long-term compound interest. If it grows at the 10% per year, which is the long-term historical return of the S&P 500 Stock Index* according to Ibbotson Associates, a $5,000 investment for a newborn would grow to more than $2.4 million when the child reaches age 65!
“While politicians and study commissions continually debate and discuss proposals for assuring the financial security of the nation’s future retirees, the way to help new generations save for retirement already exists,” said Ric Edelman, creator of the RIC-E Trust and chairman of Edelman Financial.
“The RIC-E Trust does not create any tax liability for the child or his family, and it does not interfere with college financial aid,” said Edelman. “Clearly, this is one of the most effective ways to save for a child’s retirement.”
Information about establishing a RIC-E trust is available at RicEdelman.com or by calling 888-752-6742. For trusts set up during the holiday season, donors will receive a special gift announcement card.
Ric Edelman this year was rated as the No. 2 independent financial advisor in the country, in a ranking compiled by Barron’s. Edelman has been providing financial advice to consumers for more than 20 years. He hosts The Ric Edelman Show, syndicated nationally on the ABC Radio Networks, and is the author of six books, including his just-released instant bestseller The Lies About Money (Simon & Schuster), available in bookstores everywhere.
Edelman Financial manages more than $3.5 billion in assets for individuals and families nationwide, and is winner of more than 60 awards.
*An index is a portfolio of specific securities (common examples are the S&P, DJIA, NASDAQ), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios, and investors cannot invest directly in an index. Past performance does not guarantee future results
Barron’s cover story “Top Independent Financial Advisors, Aug. 27, 2007, listed Ric Edelman No. 2 in ranking of the top 100 independent financial advisors in the U.S.; compiled by independent financial industry researcher R.J. Shook, based on assets under management, advisor’s contributions to the firm’s revenues and profits, quality of service, and client satisfaction.
Ric is an Investment Advisor Representative. Securities offered through SMH Capital Inc., an independent broker/dealer, member FINRA/SIPC. Advisory services offered through Edelman Financial Services LLC, a registered investment adviser.
Edelman Financial is a marketing name for two affiliated registered investment advisers. Edelman Financial Services LLC primarily serves the Washington D.C. area; Edelman Financial Advisors LLC serves clients nationwide via its own advisors and unaffiliated registered investment advisers. Sanders Morris Harris Group (Ticker: SMHG) is majority owner of EFS. Ric Edelman is minority owner of EFS and majority owner of EFA.
Rescue Your Money, written by award-winning financial advisor Ric Edelman, is your personal investment recovery plan.
