A growing concern for many people in their 50s or 60s: Will my mom or dad become the victim of elder fraud? Sadly, the chances are pretty good. In fact, at least 20% of older adults have been victims of elder financial abuse, according to the Center for Financial Services Innovation. Scammers are getting more
Once thought to give a “leg up” when kids enter the real world; in today’s real world of information, complex options and decisions, understanding investing as an adult is now more of a necessity. Investing is a tool to earn money that your child can use their entire life. Since finance is typically not taught
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
People choose to be stay-at-home parents for different reasons. Maybe childcare is prohibitively expensive. Maybe you don’t like the idea of sending your child to daycare. Maybe you run the numbers and find that childcare is essentially the price of one person’s salary. Maybe your child has special needs that require more than a caregiver
Becoming a parent means taking on a whole new level of responsibility. After all, you’ve now got a new life in your hand’s and your child is dependent on you for everything. While the list of things you need to do as a new mom or dad is endless, there’s one essential item that should
At a certain age, many children have to deal with the financial mistakes their parents make. That could mean having to help them out with money, or even having mom and/or dad move in with you. Some families actually plan for that to happen. In other cases, there are limited options given the high cost