Both of our fathers believe that having several children should be one's primary form of retirement planning. We're rather inclined to the same view, although people shouldn't get too carried away with the idea, or DOB will be out of a job. But consider the differences:
- A brand-new IRA isn't at all cuddly.
- You can only put $3,000 a year into an IRA--you can put way more than that into your kids (especially when they turn 16).
- Sure, some kids are undutiful, but an IRA never calls.
- No matter what Congress does, mooching off your kids will remain tax-free.
- Mooching off your children makes a more interesting literary topic:
A man was meant to help support his children,
Which is the right and proper thing t' do.
A man was meant to help support his children, BUT
Wiv a little bit o' luck, wiv a little bit o' luck,
Wiv a little bit o' luck, they'll work for you!