A wealth manager to millionaires says parents who leave their kids money often miss the most important step

Tanza Loudenback •
Business Insider
African young mom listening teen daughter sitting on couch together

Michael Farrell, a wealth manager to millionaires, believes there’s much more to inheritance than handing over money. Farrell is managing director of a wealth management firm whose typical client is worth at least $10 million. “We tend to work with a lot of first-generation wealth creators. They have a bit of a blue-collar mentality about their

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Here’s how much money you need to save every month to put your kid through 4 years of college

Tanza Loudenback •
Business Insider
Here's how much money you need to save every month to put your kid through 4 years of college

College is a huge financial investment, but most families believe the high price is justified. According to the Sallie Mae report “How America Pays For College 2019,” a survey conducted in partnership with research-company Ipsos found that seven in 10 parents and students say the cost of college today is either appropriately priced, a bargain, or

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4 money mistakes new parents make

Christy Bieber •
The Motley Fool

Kids are inherently expensive, even for the most frugal families and the most careful financial planners. And although your bundle of joy comes with a host of costs you need to prepare for, there’s no reason to make having a baby even more expensive than it has to be.  Unfortunately, many parents make money mistakes

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