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Now that college graduation season is here, parents and their young adult kids are coming face-to-face with the key post-graduation financial question that will impact them for years: Who pays for what after the college degree? That’s really a bunch of questions all rolled into one: Is it reasonable to continue providing financial support to
Children are capable of more than we give them credit for. Adults often think of investing as a difficult topic, because it was difficult for them to learn at age 30 or 40, but children are so much more moldable and teachable. As parents, we’ve got to use that. Sometimes it means raising your expectations,
Twenty-seven percent of Americans are concerned about their parents’ financial security in retirement, and they are twice as likely to lack confidence in their own retirement prospects as those who are unworried about their parents, TIAA reported this week. This finding was based on an online survey conducted by KRC Research in February among 1,003
As parents, we’re wired to want to do what’s best for our kids, and it’s not unusual for parents to make sacrifices in an effort to give their children a better life. But some parents might be taking that notion to an unhealthy extreme. An estimated 31% of parents with children currently in college or
For aging parents who had a measure of financial success, real estate investments are not unusual. Their portfolios can include single-family rental homes, apartment buildings or commercial entities. When they were younger, many of these seniors took pride in managing these investments themselves. But time can take its toll. We are seeing age-related problems eroding