Below are four areas where parents can positively influence their children to help them build sound financial skills and a healthy relationship with money.
A recent study1 conducted for Northwestern Mutual found one in three Baby Boomers (33%), the generation closest to retirement age, have less than $25,000 in retirement savings.
There is a way to receive a partial deduction for money that will eventually go to your children.
Should you offer financial assistance to your children?
It’s important to control your spending.
A survey conducted by the National Endowment for Financial Education (NEFE) found that nearly 60% …
Can you afford to make those loan payments if the borrower defaults?
Historically, only 10% of inherited wealth ever makes it to the third generation.
Having this conversation can save a lot of time and money.
Planning ahead is key.
Parents of minor children face the question of what to do with their assets through …
