Good Financial Reads: Financial Planning Advice for Parents

2 min read
August 05, 2022

Financial Planning Advice for Parents

The Best Ways to Save for Your Children

by Joe Calvetti, Still River Financial Planning

You want to set your children up for financial success, but what’s the best way to do that if you have some extra money to set aside for them?

This article will give some insight into how to think about choosing the best savings method based on your goals.

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11 Values-Based Tips for Talking About Money with Your Kids

by Alina Fisch, Contessa Capital Advisors

I grew up in a family of first generation immigrants. My dad was a brilliant academic who came to the U.S. on a scholarship to Harvard and who believed education could solve everything. My mom, who supported both of them in those early years, is the more pragmatic one in the family, who believes in the power of working hard and living frugally. In our family, money talk was always framed in the context of security and responsibility rather than indulgence.

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Smart Financial Planning For Your Family

by Alvin Carlos, District Capital Management

Parenting is one of the most fulfilling and challenging human experiences. Life can feel overwhelming at times, but planning for your current and future financial life is important. If you have kids, or are thinking about becoming parents, then you have likely started to think about how you can prepare financially for the future. Some of the main areas of focus for parents typically include: budgeting, estate planning, life insurance, health insurance, childcare, college education, teaching your children the value of saving money, having an emergency fund, and saving for your retirement. 

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Want To Open A Kids Roth IRA? Here Are The Facts!

by Alvin Carlos, District Capital Management

Have you thought about opening a Roth IRA for your kid to give them a headstart on saving for retirement? Opening a Roth IRA account for your kid can mean that they will benefit from decades of compound interest. It can be a great way to introduce the concept of saving and investing to your child. However, there are a few things you need to think about before you open a kids Roth IRA.

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Following along with the blogs of financial advisors is a great way to access valuable, educational information about finance — and it doesn’t cost you a thing! Our financial planners love to share their knowledge and help everyone regardless of age or assets.