Without exception, the primary concern for my clients with young children is to manage their inheritance so the children still strive for achievement rather than dwell in entitlement. My first question is just what they are doing now to instill those values. I’m often met with a blank stare at first. It’s simply not a
Whether you are adopting or giving birth to a child, overseeing a minor’s life is fraught with expansive (and expensive) tasks: Feeding, fretting, toileting, and procuring seem to consume the new parent. So, while it is understandable why new parents are laser-focused on their newborn’s immediate needs, they should have the wherewithal to remember the
When it comes to building credit, it’s best to start sooner rather than later. Sending a student off to college with a credit card is a good way to help them build credit. By the time they graduate, your kid will have four years of credit history, which will enable them to borrow on favorable
Credit: Shutterstock A classic early warning sign of cognitive decline and possibly dementia is losing the ability to manage your personal finances. And that can lead to a host of challenges if you are the daughter, son, wife, husband or partner of a loved one in this situation. As Mona Rawlings, of Mendota Heights, Minn.,
Our financial decision-making abilities peak in our 50s and can decline pretty rapidly after age 70, researchers tell us. That’s how otherwise smart older people fall for sweepstakes frauds, Nigerian investment schemes and the grandparent scam, where con artists pretend to be grandchildren in a financial jam. But few people want to hear that they’re
Most parents would agree that when it comes to raising children, the old adage “the days are long, but the years are short” rings true. It also applies when we look at education funding. You can’t start saving too soon when it comes to college, since age 18 may be here before you know it.