Tag Archives: teens

Roth Accounts · June 19, 2024

Here’s Why Your Teen Should Open a Roth IRA

There is no more lucrative financial move than to have a teenager or young adult open a Roth IRA. Now I know that may be a hard sell.

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student loans · July 27, 2016

Teach Your Children Well-Part 4: Have the College Cost Conversation Early

I see parents let down their college bound kids all the time. Not because they can’t afford to foot the often insanely high bill for a four-year private college education, but because they don’t explain the family’s college finance reality…

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credit cards · July 20, 2016

Teach your Children Well-Part 3: Give Your Kid’s Credit

Young adults are making a big mistake with their finances. Survey after survey reports that most millennials do not have a credit card. I am wholeheartedly on board with preferring a debit card. But everyone needs to also have a…

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saving, student loans · July 13, 2016

Teach Your Children Well-Part 2: Instill the Pleasure of Saving

You know your kids are sponges. So let me ask you a question: what lessons about saving are they absorbing from you? I can’t overstress the importance of instilling an appreciation for saving.

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budgeting, investing · July 6, 2016

Teach Your Children Well-Part 1: Bill Pay Together

Sitting down with your children once a month and having them help you pay the family bills is an incredibly valuable life-lesson opportunity that sadly few families use.

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home loans, investing, saving · April 20, 2016

Turn a Child/Grandchild’s Summer Job into a Retirement Windfall.

If you have a child or grandchild who is going to get paid for work this summer, I want you to consider a way to gift them a valuable retirement stake.

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student loans · August 12, 2015

What Every New College Grad Needs To Know About Repaying Student Loans

Falling behind on your student loans is one of the worst financial mistakes you can ever make. The penalties and fees if you fall behind, and into default, can add thousands of dollars to your bill.

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credit cards, saving · August 5, 2015

How Grandparents Can Make the Most of a Grandchild’s Summer Job

So often grandparents come up to me and ask how they can best help their grandchildren get a leg up. My favorite move is to gift a grandchild money to open a Roth IRA.

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Annuities, retirement, saving · July 29, 2015

A Message for Husbands: Your Wife Should Drive the Retirement Planning

One of the most common things I hear from many couples is that the husband likes investing and planning, and thus wives are all too happy to let him handle the retirement strategizing. Big mistake. Not because I am doubting…

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