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The child tax credit traditionally gave eligible families a credit of $ 2,000 per child.
This year, the US $ 1.9 trillion bailout act of 2021 increased that maximum number to $ 3,000 per child aged 6 to 17 and to $ 3,600 for younger ones.
What if you could afford to invest these credits for your child’s future?
CNBC calculated the numbers and we can tell you how much your child would retire at 67 if you invested the equivalent of a child tax credit each year until they were 18.
Watch this video for a full breakdown of the numbers.
More Investing in you:
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How Much Money Do You Need to Retire? Start with $ 1.7 million
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Disclosure: NBCUniversal and Comcast Ventures are investors in Tassels.
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