As young adults enter into their careers, talk to them about starting to save early for retirement and the importance of preparing for financial emergencies. Here are a few discussion points you can use. A great place to save and ...
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Ages 6 to 8 are a good time to discuss choices about how to spend money, compare prices, and start savings accounts. None Here are some milestones you should look for and activities that can help your children reach them. ...
My son just started his first part-time job. Can he open an IRA?
Your son or daughter can open an IRA as soon as he or she has earned income. There are two types of IRAs – the Roth IRA and the traditional tax deductible IRA. The basic difference is that contributions to ...
To talk with your teenager about her paycheck, start with the difference between gross pay and net pay. Then go over the various taxes and other deductions from her check. None When she started her job, she filled out a ...
Be sure your children understand that credit is a loan – you have to pay the money back at a later time. If you don’t pay the entire balance in full every month, you’ll be charged interest. None And the ...