Statistics presented by TIAA-CREF indicate that large majority of grandparents do not share their financial history or wisdom with their grandchildren. It also indicates several misconceptions the boomer generation has about the cost of a present-day college education. Joseph Stabnick has several tips for grandparents to pass down solid financial advice to their grandchildren and help them save for college.
New data has shed light on alarming investment decisions that people in their 50s and 60s are making for retirement. According to a recent article on NextAvenue.org, of the “consistent traditional Individual Retirement Account (IRA) investors” that are in their 50s, about one third have 100 percent of their IRA money in stocks. And for […]
