Custodial Roth IRAs: A Unique Gifting, Learning and Saving Opportunity

Posted by & filed under Ages 11-13, Ages 14-16, Ages 17-18, Ages 3-4, Ages 5-7, Ages 8-10, Families, Parents, Teens.

Did you know that any child who has earnings from a part-time job is eligible to have a Roth IRA, even though they are not yet an adult? Establishing a Roth IRA on behalf of a child, funded either from your child’s direct savings or gifts from you, presents a unique opportunity to take advantage… Read more »

Financial Helicopter Parenting – What Works

Posted by & filed under Ages 3-4, Children & Education, Families, Featured, Parents, Teens.

Helicopter parent Mom high fives son while studying in library

Two articles recently ran in The Washington Post about helicopter parenting. The first, Park The Helicopter, Parents, discussed how and why parents should step back from this style of parenting, empowering kids to become their own advocates. The second, The Parent Trap, exposed how helicopter parenting leads to academic and income inequalities, where kids with… Read more »

Parental Peer Pressure

Posted by & filed under Families, Parents.

Mother urging child to complete race is an example of the competitiveness of parental peer pressure and c

50 wealthy parents were recently charged in a high-profile college admissions scandal. Allegedly, they used bribes, falsified admission scores, and faked athletic prowess to get their kids into elite colleges. Parental peer pressure is real. It arises in a multiplicity of parenting situations, not just college placement. The wealthier you are, the more you may… Read more »

6 Choices That’ll Impact Your Teen’s Future Income

Posted by & filed under Ages 3-4, Children & Education, Parents, Teens.

A critical aspect of teaching your teen about money that’s often overlooked is helping them set realistic expectations about their future lifestyle. It can be hard to understand that the lifestyle your family enjoys now has taken time and effort to accumulate.  As you make decisions together about college, make sure your teen is aware… Read more »

Best Financial Apps For Teens And Young Adults

Posted by & filed under Parents, Teens.

Two young women on bench look at best financial apps for teens and young adults on an iPhone

As a teen or young adult today, you’re tech-savvy when it comes to living and learning. If you want to achieve success, you need to be money-savvy too. ‘Fintech’ (financial technology) apps can strengthen your money management skills and simplify your finances, allowing you to stay focused on personal, career, and life goals. SageVest Kids… Read more »