Showing 50 results of 467
This past year, as we traveled, I received all sorts of comments from both Americans and Chinese about how “brave” ... Read more...
Answering reader questions about how to help your kids build wealth by funding Roth IRAs, HSAs, and 529s; using brokerage accounts to get an attractive yield on cash; and making sure you get your full...
Many people value family and family relationships more than anything. So on this episode, we discuss a number of ways that kids and grandkids can end up influencing retirement plans. Glenn is availabl...
Many of us only became financially literate when we were adults. But how much would things have changed if we learned about finance as kids? The post Age-Appropriate Money Conversations: Teaching Kids...
If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with sp...
Parents often help out their kids with adulting matters, especially major life-changing events like … well, having kids. Probably with restraint and trying not to meddle. Even with the caveat t...
People are getting married later and kids move out later. For instance I am 62 and going to back to school night tomorrow for my youngest. I can’t downsize yet and I still got my wife and three ...
Stop worrying that you’ll be a burden on your children; instead, spend the time it takes to prepare solid plans that your kids can follow....
When adult kids make financial mistakes, their parents can suffer. So, step in early to help your kids succeed, instead of letting their regrets become yours....
If you're a real estate investor with children, you may face two significant challenges. The first challenge is holding onto your rental property for as long as possible. You understand that the longe...
We’re mid-60’s and considering this within 5 years. We’re currently assisting 88 year old father-in-law and his wife with Dr appts and other miscellaneous things, and we won’t ...
'm 66, wife is 65. I've been "educating" our daughter relative to her 401K, her Roth IRA, cash/savings account, etc. The idea is that If I pass before my wife, it's my daughter to whom I'm trusting to...
If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with sp...
Our offspring live too far away for frequent visits -- about a 2.5 hr flight away. I know a lot of retired couples move to be close to their children, maybe because they're hoping their kids will take...
When you're gone, you want your heirs to be happy and successful and for your life's legacy to live on. Creative estate planning can help with all of that....
It is natural for a parent to want to help their children financially, but helping kids financially isn’t always the best decision. You may end up hurting them more than helping them – esp...
To prepare your children to take over your family's financial legacy, teach them about money as if they were interns on the path to senior management....
Every business, no matter how large or small, can be compared to a lemonade stand. This simple concept has been the foundation for teaching my son, who is now 7 years old, about money. Ever since he w...
Here are eight reasons why your kids should be involved with your estate planning meetings (and one potential downside to it). The post Why You Should Bring Your Kids into Your Estate Planning Meeting...
There's a classic saying, “Youth is wasted on the young.” It's meant to convey that those who are young lack the perspective to appreciate all the advantages of youth and thus take it for ...
Curious how those of you who are retired or looking at retirement navigate having children under 18 in your household. For example, I have a patient who is on the cusp of retirement who is now looking...
Today, we answer your questions about rolling over an HSA, when to withdraw from your HSA, whether a UTMA or custodial Roth IRA is better for your kids, if it is a good idea to open a solo 401(k) for ...
Honestly I wasn't sure of the best place to ask such a thing, but logic brought me here because the demographic of retiree is the one who has the wisdom to answer this question. Maybe you've been thro...
Ever wondered how to leave a lasting legacy for your kids without the taxman taking a huge chunk? FiPhysician’s Dr. ... Read more...
If you don’t have children or a support system of close friends nearby, you face some special challenges. For peace of mind, answer these seven questions....
Understanding the fundamentals of personal finance is pivotal for kids to successfully launch into the world of adulting. Money skills are necessary to navigate effectively through everything from lif...
About 11 percent of the children in poor families are living with adults who receive Social Security’s retirement, disability, or supplemental cash benefits. The children are often Black or Hisp...
Boomers may not be as healthy as their parents were at the same age. This points to the need for long term care. The burden can fall on family to give that care....
Here are some general considerations to ensure the gift of assets to your kids will not negatively affect your financial future....
Unlike buying a primary residence, where I believe you should buy one as soon as you can afford to, purchasing a vacation property is a different matter. Nobody needs to buy a vacation property; it's ...
There are strategies to keep your kids in school. Start by having a frank talk with your financial aid officer....
Parents can see the positive impact of their giving through tax arbitrage, giving cash (within limits) or directly paying for school or medical expenses....
Sometimes, divvying things up equally means one child might end up with less because of tax implications. Here’s how to avoid that....
Family discussions about money are important in educating children about financial concepts and the family’s legacy....
If you’d prefer that your estate not pay more taxes than necessary, then these strategies are for you....
THANK YOU AARP FOR DOING THIS ARTICLE AND HATS OFF TO THESE PARENTS ??? For hundreds of thousands of retirees, focus on caring for kids ‘is just life’. By Jon Marcus, AARP. Published March...
I am 63. I just learned the term "Elder Orphan". I'm 63. Seems like I'm headed to be one. Yes is scares me. :-( Got to face that I suppose. So. What to do? Where to go? What town? What living situatio...
Background: our house should be paid off by the time we retire. We have raised a pack of kids, one has boomeranged back and the youngest is still in college. The others are out on their own. We are re...
To gauge how much the federal government’s COVID assistance helped the nation’s disadvantaged children, consider what happened after the relief stopped. Millions of low-income children hav...
I'd like to learn from those already retired and have adult children with special needs. I'm heading towards 64 and am still working, but the retirement bug has bit. My daughter is 32 and has Downs Sy...
We've got no kids and I'm not particularly close to my niece and nephew, having spent all of about 20 hours with the since they were born. My partner and I do need to make a will because it's irrespon...
I'm curious to see how many help their adult children out financially and with what. For instance, I help my youngest, age 24 out with rent and a couple bills right now....It's a pretty big little chu...
[Editor's Note: For a doctor or high earner who is looking to maximize convenience while saving money and earning free travel, it makes perfect sense to find the right credit card. If you need help fi...
James walks through a framework of how you ensure that your legacy goals include more than just leaving a chunk of money to your kids when you're gone. He explains the key concepts that can help your ...
I'm looking for any experiences from folks who retired close to the time that their kids were in or had just graduated from college. I have one who is a freshman and another who will start in a year; ...
As parents, we’ve all encountered the seemingly inexhaustible supply of toys, gadgets, and general kid stuff that seems to multiply in our homes. If you’re anything like me, you’ve p...
We often try to overcomplicate finances, but simplicity is the key. That’s not to say simplistic: simple doesn’t equal simplistic. On this episode, we wrap up our Wisdom for Our Children s...
Your family and friends are the people you walk life with, so it is important to choose wisely. In this episode of our Wisdom for Our Children series, Nichole joins me to reflect on what the younger g...
Today I woke up and decided to do something that I have never done before! My daughter has been telling me about the Reddit community and encouraging me to at "least read some of the posts". Well, I d...
Tech makes it easy to keep in touch but it may not be good for them — or you...