Teach your children good financial habits now

Radosevich, Reed
November 2008
Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP25
The article offers suggestions that can help parents teach their children about the importance of managing their wealth. According to the author, parents may consider discussing with their children the basics of saving and investing beginning at age 15. It is said that young adults should start saving between 10 percent and 20 percent of their pretax income for retirement as soon as they enter the work force. It is added that parents should participate in the money dialogue with their children.


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