How to Money · Wednesday, July 15, 2026
Paul Merriman advocates for starting early with investing for children and grandchildren, suggesting a $365 annual investment in small-cap value within a Roth IRA could grow to approximately $1 million over 70 years. He emphasizes that alongside financial contributions, providing education and the 'dream' behind the investment is crucial for heirs to understand and appreciate the value of long-term wealth building.
“A child is born, you give them the first year three hundred and sixty five dollars, and that is invested in small cap value if you wanted to, and in essence, that three hundred and sixty five is going to find its way into a roth ira as soon as possible.”
“This is not a get rich quick scheme. This is a get rich slowly And if you did that for eighteen years, you have, in essence help fund ages seventy through eighty eight in retirement.”