Friday, March 2, 2007

A good time to start saving..

When do you start saving for retirement? For a house? For a car? For your kids education? The most common pool of thought is to start early and contribute often. The government of California takes it a step further, and wants to start when you are born.

The senators want each child to have a savings account, free from income taxes, that the family could keep building upon as the child aged. The money would have to be used for college or continuing education, a down payment on a home, or retirement.

More here.

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