Part 2 of our discussion of the 7 tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.
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Financially Savvy Grandparenting
A common question we often get, that’s not even really related to investing, is from retirees wanting to know how they can help pass their financial wisdom on to the next generation. So, let’s touch on six tips for grandparents to consider as they help their grandchildren grow into financially savvy adults.
1 – Don’t underestimate the power of the Roth IRA.
2 – Understand how to help with college savings.
3 – Find creative ways to help kids have an appreciation for saving and investing
4 – Understand that it’s a different world today, from the one you grew up in.
5 – Gift money with purpose
6 – Don’t downplay the importance of money
7 – Understand how kids, especially teenagers, might perceive your complaints about the economy and stock market.
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