Part 8/10:
Beyond her own retirement, Tara is also mindful of her 14-month-old daughter's financial future. She considers turning the "ang pow" money received during Lunar New Year into an educational fund. By investing these funds in broad-based ETFs or managed portfolios, and tracking the investments in her child’s name, Tara aims to harness the power of compounding over the long horizon. This approach not only provides financial security but also serves as an educational tool, teaching her daughter about the importance of investing and saving from a young age.