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From heirloom china to your old golf clubs, here is what your grown kids secretly wish you'd unload — just not on them.
Estate planning for children's accounts like 529 plans and UTMA accounts often overlooks naming a successor. Not naming a successor for these accounts can lead to delays.
More than half of eligible children (and many widows and widowers) are missing out on Social Security survivor benefits. Here's what to know. The post Why Many Young Widows and Widowers Leave Social S...
If a basic will isn't enough to protect your family's assets, you have two trust options: revocable vs. irrevocable. But only one is right for you.
Intentional lifetime giving creates far greater impact than lump‑sum inheritances by reducing stress, building responsibility, and passing down values along with wealth.
Free retirement training for people within 10 years of retirement and $1M+ saved. Watch “The Sequoia System Training” here: https://learn.rootfinancial.com/ad021b ======================= I've spent 15...
These steps can help you ensure that the wealth your children or grandchildren inherit is a catalyst for opportunity rather than a source of conflict.
While legal and tax strategies are essential for transferring wealth, the more critical step is ensuring your family knows what's coming, how and why.
I am 68 and my wife is 72. We have no children. We have a few nieces and nephews but have not seen any of them in several years. Our net worth is about $1.8M with a paid off home worth about $425K. We...
When people hear I grew up poor in rural China, they usually imagine everything I lacked. The tiny shack shared by three generations. The lack of safe, drinkable water. The constant worry about money....
Answering listener questions about helping children buy their first homes, calculating financial independence, and navigating the tradeoffs between one-income and two-income households. The post Shoul...
I write before my kids wake up and after they go to sleep. That's the arrangement. It means I'm free during summer, winter, and spring breaks, along with weekends, which is the whole point of building...
Some parents may feel obligated to help their adult children – but that support may be doing more harm than good.
Sustainable retirement spending begins with quantifying the present value of your essential expenses and then allocating the remaining funded status toward discretionary “menu items” such as travel, h...
Ever since two park rangers approached me at an empty public court while I was teaching my own children tennis, I've been thinking about how to make sure it doesn’t happen again. Not just to me. To an...
My husband and I have found ourselves just a few years from retirement and realizing our adult children are not yet financially independent and struggling in today's economy. Can any of you relate to ...
I'd love some thoughts on my situation. I just turned 69, widowed since 52. Have always worked full time and still do, always for small companies so no retirement plans. Husband passed 15 years ago. I...
I’ve tried to come up with all the pros and cons but maybe I’ve not thought of everything? My husband just retired and I have one or two more years left. We live up north near children and grandchildr...
Hi, I am 60yo married looking to retire within the next couple of years. My house is paid off and per Zillow would likely sell for around $1M. I live in Seattle. I had a recent realization that I coul...
Before I retired I made this long list of things I always said I'd do "when I have time." Now I have the time and honestly I don't know where to start. When I was younger I used to watch kids doing st...
Learn what families need to be aware of when following the FIRE movement.
What if budgeting wasn't about restriction, but about giving every dollar a purpose? This week, Roger sits down with Jesse Mecham, founder of YNAB (You Need A Budget), to discuss the power of intentio...
Here's a step-by-step process (with screenshots) on how to open a 530A (Trump) account for the children in your family. The post How to Open a 530A (Trump) Account for Your Child appeared first on The...
Retirement planning is often dominated by withdrawal rules, Monte Carlo probabilities, and portfolio‑centric heuristics. But none of these tools directly measure the core financial question every reti...
A custodial Roth IRA lets parents help a child with earned income start building long-term wealth. By starting early, children gain decades of potential tax-free growth while learning the value of sav...
One of my biggest fears as a parent is raising kids who can’t launch into adulthood on their own. My hope is that by 26, three years after college to find their footing, they can support themselves wi...
Parents planning to leave money to their children fear one thing: Will wealth make their character or break it? There are some practical ways to find out.
More than half of Americans in their 40s are considered the "sandwich" generation, supporting both their aging parents and raising kids. Here is how financial advisors can support them.
Delaware Statutory Trusts (DSTs) can keep capital gains taxes at bay when your children inherit your property. But you need to handle them smartly.
I recently got an e-mail from a reader who’s on the fence about having kids, wondering why we decided to have a kid, and how they can make the decision. I told him while I couldn’t give them the answe...
Like the title says, wondering others thoughts are on the benefits keep life insurance after one is retired. We have no debt, all bills are paid off, including the funeral arrangements. I have an exce...
Planning for retirement can feel overwhelming, especially as you approach the transition from earning a paycheck to relying on your savings. The early phase of retirement brings unique challenges, and...
This plan for Gen X parents running the Bank of Mom & Dad can help you get a handle on how to manage the financial support you give your adult children.
If you're not talking openly with your adult children about money, you're failing to help build their financial independence.
Wisdom can be a far greater gift than money. After all, what good is an inheritance if children don't know the values behind it or have the skills to handle it?
Hello - I’ve really tried to make this short but without success. I hope you’ll read it. I would love suggestions. Hello - I’ve read similar posts but nothing yet that addresses my unique situation so...
Supporting your adult kids shouldn’t mean risking your retirement. Our Wealth Wise columnist explains how to help them when times are tough.
Between Trump accounts and child-friendly investment platforms, it has become much easier for parents to invest for their children’s future.
With the World Cup on, I've been thinking about all the parents currently spending $3,500 to $7,000 a year on travel league soccer, dreaming their child might one day wear the national team jersey. So...
About 9 months ago I decided that July 1st would be MY independence day. Technically it is July 3rd, but that is a holiday and I managed one last PTO day on the 2nd! I've been planning for many years,...
After working for 27 years for the same organization, I found out in late April that my job was being eliminated as of July 1st (a story for another post) I am 64, divorced with two grown children. My...
Retirees worry about outliving their money, burdening their children, or making the wrong market move. But the right kind of fear can lead to better planning — and more peace of mind.
This past Father's Day, June 21, 2026, I had a choice to make. I could play pickleball from 9am to 12noon at an indoor club called Flyte, a 30-minute drive north. Or I could take my kids 30 minutes so...
It seems like retiring enables people to finally live the way we want without forces pushing us to center. For example, we have all day to decide our own activities instead of being corraled in by wor...
I’m 70 years old and I retired 3 years ago after working since I was 11. I have had some truly hard,sweaty and dangerous jobs. I was also lucky to spend my last 25 years sitting at a desk. I never min...
Your kids are already inheriting your financial habits, whether you know it or not. Here's why, and how you can be more intentional about it. The post If Your Kids Inherited Only Your Financial Habits...
This week Roger breaks down IRMAA Medicare surcharges and why retirees should understand them without letting them dominate retirement planning decisions. He explains how the income thresholds work, c...
I am 63 and married for 30 years - husband is 67 and retired from corporate 2+ years ago. We are financially sound - our FA says we are in great shape with nothing to worry about and that I can retire...
Before giving your kids money in retirement, ask these 3 questions to protect your nest egg and their financial future.
The sandwich generation risks its own retirement by supporting parents and children. Protecting savings, planning, and setting boundaries ensures long term stability.