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Archive for the ‘Kids and Money’ Category

In many ways I guess I’m just like any other father. If you’re the father of a little girl she’s probably the apple of your eye. Good thing for me I’ve got two eyes. I’ve got two little girls who clearly are my little apples. Watching both of our girls grow up has been an interesting [...]

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Weaning adult children off parental financial life support Most parents take the responsibility of raising children seriously and with the best intentions. From a deep sense of love and duty, we provide for and protect our children. How each family provides varies based on traditions, values and means.  The whole point of parenting is to [...]

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When talking with baby boomer clients about their biggest challenges in recent years, there’s no surprise that adult children are often near the top of the list. For many baby boomers, adult children can represent one of their biggest expenses. This can manifest itself through increased gifting, helping with mortgages, rent, child care or other [...]

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Okay. It finally happened. I became my father. Even today, I can hear the words ringing in my ears as they fall off of dad’s lips. So there I was a few weeks ago packing to go out of town on a trip. In the midst of packing, my daughter turned my attention to a [...]

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Over the last several years, we’ve heard this slogan numerous times, most famously by White House Chief of Staff Rahm Emanuel. While the slogan has its positive and negative attributes, there’s one area where we all need to take heed. If there are any silver linings to the economic downturn, it’s the spotlight that has [...]

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Every summer, my nephews spend a week with me – we call it Camp Aunt G – and I’m always shocked at their blatant disregard for money. They lose games and toys with no care. “Aunt G, we can just buy another one, duh!” They leave half empty cokes all over the house and just [...]

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We all spend time dealing with our personal financial and tax issues and these can be overwhelming at times that we sometimes forget about these same issues for our children. We start a savings account (an UGMA perhaps where we are the custodian for our child) when they are born and we put all their [...]

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