Turning 18 years old is a monumental milestone, full of new “privileges.” Once your child is 18, they are legally an adult, they can vote, and, in most states, they gain more driving freedom. With greater privileges...
NEWS & INSIGHTS
Financial Considerations for Your New Teen Driver
Your teen may be champing at the bit to get their learner’s permit or driver’s license, but are you prepared financially to have a new driver in the household? From liability insurance to car expenses, getting a...
Virginia529’s New College Tuition Track Portfolio
Virginia529 rolled out a new college savings program called the Tuition Track Portfolio (TTP) on February 1st of this year. This new college savings option is an exclusive opportunity for Virginia residents and is...
Family Financial Tips During Covid-19
Parents are facing immeasurable challenges during Covid-19 as they juggle work, family, school, health and finances. Some families are finding that they’re saving money during Covid-19, but many are watching their...
Custodial Roth IRAs: A Unique Gifting, Learning and Saving Opportunity
Did you know that any child who has earnings from a part-time job is eligible to have a Roth IRA, even though they are not yet an adult? Establishing a Roth IRA on behalf of a child, funded either from your child’s...
Teaching Your Kids About Investing in a Volatile Market
Teaching your kids the fundamentals of investing can seem like a daunting project during times of economic stability. Factor in the extreme market volatility we’ve seen during the COVID-19 pandemic, and even the basic...
How Kids Can Give and Help During Coronavirus
In the past few weeks, our children’s lives have been turned upside down. From school closings, performance and sport cancellations, postponed traditions such as prom and graduation, to no more playdates, the way our...
Saving and Spending Milestones for Kids by Age
Spending in the present while saving for the future are two key money concepts every child and adult must learn to balance. Spending and saving are mutual partners in that savings frequently support future spending...
Teaching Charitable Giving
The holiday season and year’s end motivate many people to give charitably, whether by donating money to a specific cause, volunteering at a local food bank, or providing gifts to families in need, as examples. However,...
Back-To-School Kids’ Financial Literacy Checklist
Back-to-school signals a renewed focus on education. That includes your child’s financial education. The start of the new school year is the perfect time to review your kids’ proficiency with money. Use our...
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