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.
Story Time: In The Nick Of Time
Mailbag: End Of Year Planning, Nursing Homes, Hating Advisors
Couch Potato Dollars
Elephants In The Room
Glory Days
Opportunities For Improvement
Mailbag
Unasked Questions
Retirement Regrets
Required Minimum Distributions
Mailbag
Taking Care Of Family
Universal Retirement Truths
Are 401(k) Plans Right For You?
Mailbag
Breaking Bad Habits
Social Security Myths
Are You Playing A Financial Game Show?
Mailbag: IRA, 401Ks, and Bonds
Financial "Blind Spots" You Should Look Out For
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