Simple hack to make your kid a millionaire:
When they're born, invest $1,000 in a 529 plan.
Invest $100 every month until they're 18.
At age 18, it’ll be worth $75,000.
If it isn’t needed for college, convert it to a Roth IRA.
If your kid doesn’t touch it until age 50, your gift should grow to $2.6 million.
Better yet, it’s all tax-free!!