Check out Kristi’s advice in this Nerdwallet article! What should you do when your grown kid can’t handle their finances? “Parents want to help their kids — it’s what we do. When those kids are adults, though, our help can hurt. Financial planners and credit counselors see plenty of examples. The grown son who…
Often reporters will ask members of the Financial Planning Association for a quote on risks retirees face. Sure, inflation, medical expenses, lower than expected returns are old favorites, but my answer is typically this: The biggest risk to some retirees is their grown children. If adult children of retirees are in the habit of…
School is almost out and the dilemma for parents of teenagers is this: Do I pay someone (basketball camp, STEM camp, theater camp, etc.) to take my kid off my hands while I work? Or do I get someone to pay my kid and get them out of my hair (and off of Fortnight)? …
Here’s a shocking bit of news: College is way more expensive now than it was when I was an eager new CSU Ram in 1990. There aren’t many families that will get out of college without some sort of loans to pay back. But how much is reasonable? Private student loans are unlike any…
I’ve had occasion to think lately about how heartless my investment advice must sound. I glibly assure you that stock market dips are temporary, and things will be just fine in the long run, just suck it up and tough it out, already. Sorry about that. What I haven’t done is acknowledge that volatile…
Welcome back, Scott Arnold, CFP ® to conclude his 2-part blog on using the Three Jars method to help teach his young boys life and money lessons. When my wife and I started The Three Jars with our boys, we thought it would help us in teaching them basic lessons about money. The Jars…
This week and next, I’m thrilled to welcome guest blogger and fellow financial planner Scott Arnold, CFP ® to discuss how using the Three Jars method has helped teach his kids life and money lessons. Take it away, Scott! My wife and I have two incredible boys, ages 8 & 6. Their personalities are…
Not that long ago, words like “retirement” and “caregivers” weren’t part of our vocabulary. People worked until they could no longer physically do so and then died shortly after. Generations of families lived together, so Grandma took care of the grandkids while parents worked (no exorbitant day care costs!). When Grandma got sick, the kids…
Are you game? I admit it. Often when we go to my kids’ sports games I bring along a guy who yells at my kids from the sidelines. He is their father, so I don’t have much choice. Occasionally, I’ve been known to say a few loud-ish words myself. Why do we put…
Cleaning Out + Emotions = Feeling Overwhelmed One of the blogs that I have gotten the most response from was where I implored people to start cleaning out stuff so their kids don’t have to. Okay, let’s say that proactive wish didn’t come true and now YOU must clean out someone else’s lifetime full…
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