If you have someone in your life with college ambitions, let’s talk about saving strategies.
From the classic piggy bank to dedicated savings accounts, here are some tips for teaching your kids or grandkids the value of a dollar.
TIME.COM
Why Parents Should Start Small When Teaching Their Kids About Saving
College students and young adults are increasingly concerned about their financial future – and the impact the pandemic may have. If there’s a young adult in your life who could use financial guidance, let’s connect.
CNBC.COM
Due to pandemic, more than 13 million college students are worried about their financial future: study
Creating solid money habits early can make it second nature for kids when they are older. What lessons would you add to the list?
CNBC.COM
5 crucial financial lessons for kids of all ages
Mid-Michigan Investors: You DON'T need to take required distributions from your IRA this year. If you withdrew money earlier this year and don’t want those funds counted towards your annual income, you have until August 31 to return it. Reach out with any questions.
MONEY.COM
The Deadline for Retirees to Return Unwanted RMDs Is Almost Here
Millennials and other generations are using their 401(k)s to cover costs during the current recession. While Congress temporarily waived some of the costs of early withdrawals, accessing these accounts could still have long-term consequences on your retirement goals.
TIME.COM
Millennials Are Sabotaging Their Retirement Savings to Cope With The Pandemic
Don't leave your loved ones with a financial maze. I regularly see in my practice that organizing all your financial accounts and documents will make it easier, when needed, for you, and your loved ones, to manage your finances. Tim Dijak
AMERIPRISE.COM
Retirement checklist: Tips to help you organize and manage your finances
Give a gift that can make a difference long into the life of a child – a head start on growing their finances.
MONEY.USNEWS.COM
8 Great Financial Gifts for Kids
It can be a tough balance to strike – providing for your children while also assisting in their journey to financial independence. Here are some tips on helping them navigate their road to self-sufficiency.
KIPLINGER.COM
How to Not Financially Paralyze Your Children | Kiplinger
Running out of money in retirement is a scary prospect – but can be avoided. Here are a few things you can do to help your savings last as long as possible. Some basic planning can alleviate these fears. Tim Dijak
USATODAY.COM
More than 40% of Social Security beneficiaries worry they'll outlive their savings. How to avoid that fate
Holiday shopping can be a great opportunity to teach children about saving money for gifts and other financial goals.
Passing down your financial wisdom can be an enduring gift. What’s one tip you’d share with future generations?
FORBES.COM
Best Ways For Grandparents To Teach Grandkids About Money
Communication within families goes a long way helping prevent financial concerns. For your will or estate, sharing your plan – even at a high level – with your family can prevent future conflict.
CNBC.COM
What to tell your adult kids when planning your estate
Financial advice is not one-size-fits-all – especially across different ages and stages of life. In this article, Marcy Keckler, Ameriprise Vice President of Financial Advice Strategy, and other experts share recommendations for each generation.
GOBANKINGRATES.COM
The Top Money Moves To Make for Each Generation
Today's COVID stats according to Fundstrat:
– Daily cases 58,258 vs 70,010 7D ago, down -11,752
– 7D positivity rate 4.9% vs 5.5% 7D ago
– Hospitalized patients 44,172, down -16% vs 7D ago
– Daily deaths 1,723, down -18% vs 7D ago
Fundstrat's Tom Lee predicts sub 40K daily cases by end of next week. When you consider that daily cases were at 300K just a few months ago, this is remarkable progress. #covid #timdijak #tomlee #fundstrat
COVID Stats
According to Fundstrat and the COVID-19 Project, the stats are certainly moving in the right direction:
US COVID-19 case trends:
– Daily cases 52,767 vs 78,866 7D ago, down -26,099
– 7D positivity rate 6.4% vs 7.9% 7D ago
– Hospitalized patients 65,455, down -18% vs 7D ago
– Daily deaths 2,420, down 15% vs 7D ago
Vaccinations ramping steadily
– avg 1.6 million this past week vs 1.4 million last week
– overall, 4.0% have 2-doses, 10.9% 1-dose
From Monopoly to Financial Football, these online and board games can help teach your kids basic money management. What games would you add to the list?
CNBC.COM
Want a fun way to teach your kids about money? Try these games
I love this time of year! Drilling holes in the ice and catching fish. Do you ice fish?
#icefishing #naturewithclaire #timdijak
While kids can learn many beneficial financial lessons from their parents, they can also absorb negative ones. Consider these common family money mistakes and how to avoid them.
HUFFPOST.COM
12 Money Mistakes You're Teaching Your Kids
