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From the Maternity Ward to Frat Row Do you really need to start saving for your child’s college education at birth? Yes, and here is the right way to plan ahead, way ahead. www.cnbc.com Do you really need to start saving for your child’s college education at birth? Yes, and there are right ways to plan ahead, way ahead.
Do You Need a Retirement Coach? For some retirees who have led ‘round the clock corporate lives, retiring to a 24-hour-a-day crossword puzzle habit is a recipe for insanity, or at least boredom. Is there a need to manage the concept of retirement as much as specific retirement assets. www.cnbc.com Retirement coaches may help baby boomers deal with worries about outliving one's money and reinventing themselves in the second act of life.
All in the Family For wealthy families, the inter-generation management of wealth and sibling rivalries can test even the closest-knit families. www.cnbc.com Figuring out a relatively smooth and peaceful way to leave wealth to future generations is very tricky business for wealthy families, and often leads to a blood feud.
Financial Analysis of Your Fiancée Long before you head to the altar, ask the person you are going to spend the rest of your life with how much credit card debt they’ve racked up. Advisors offer tips to newlyweds for heading off irreconcilable financial differences. www.cnbc.com Couples can avoid financial headaches and relationship heartaches by having a frank discussion of their individual finances long before approaching the altar.
When It’s Time to Trust Your Grown Children It’s great that we are living longer than ever before and maintaining a high quality of life, but ultimately, seniors have to consider when it’s time to trust their grown children to help manage their finances. It’s a touchy transition. www.cnbc.com A family is in touchy territory when adult children must begin to manage their elderly parents' finances. But a few essential steps can make the transition smoother.