US EditionAsking Eric: We’re trying to teach our nephews value of wise financial planning. They’re not hearing us
7 Articles
7 Articles
We’re in our 60s and have millions in the bank – we’re worried that a large inheritance to our son with no savings could be determinetal
Key Points A Reddit user is worried about leaving $5 million to her stepson. She is concerned the inheritance could ruin his life since he isn’t good with money. Providing gifts during their lifetime could help ensure the stepson makes the most of the funds. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, an…
Asking Eric: We’re trying to teach our nephews value of wise financial planning. They’re not hearing us
Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each – a $7,000 Roth IRA and $3,000 brokerage. We also gave two books on long-term investing.
Alabama Live
Tribune Content AgencyAsking Eric: Nephews fail $10k gift ‘test’
Dear Eric: We have two nephews, 17 and 21, and felt it was time to teach them money management skills and saving for retirement. At Thanksgiving, we funded two brokerage accounts for each – a $7,000 Roth IRA and $3,000 brokerage. We also gave two books on long-term investing.
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