Right about now young couples across the region are trying to figure out what to do with all the gift money their kids received. Many simply stick it into bonds and savings accounts, but there is a tax-advantaged way to hold on to more of that money — if you… Continue Reading..
Whenever we talk to our young adult children about money, it’s a good idea for us to be careful about what we say and how we say it. For starters, don’t come off as bossy or tell them what to do—because they may do the opposite just to spite us.… Continue Reading..
I rarely get calls about student loans, but last week I received two in one day. Call #1 was from a financial advisor who wanted to talk about one of his clients. The client had contacted him out of exasperation at her children’s dire economic straits, which were largely due… Continue Reading..
Like everything, there is a time and place for using credit cards. They allow students to build up their credit scores, as long as they can steer clear of potential risks. Anyone should be leery of anything offered as free, to pay later. Especially impulsive college students who need school… Continue Reading..
20% of identity thefts are friendly fraud. Fraud done by people you know. College students are especially at risk because of the social nature of living in dorms. It’s not uncommon for students to let someone else borrow a laptop - and they rarely, if ever, create a second user… Continue Reading..