Four financial planners break down how much your kid could really make, where it fits with your 401(k), and the catch parents keep missing.
Enter a $250-a-year contribution, and the app shows the user would have $19,000 by age 18 or a whopping $878,000 by age 55. Bump it up to the $5,000 annual max, and the numbers jump to $271,000 and $13 million, respectively.
That eye-popping figure c... [8773 chars]