Tag Archives: parents

No one likes to think about dementia and cognitive decline in themselves or their loved ones. But, for many families, this is an incredibly important topic to address. In fact, 5.5 million Americans have Alzheimer’s disease, including 10% of people aged 65 and older. When they pass away, 1 in 3 seniors has Alzheimer’s or […]

Financial lives are inherently complex and require thoughtful perspectives and strategies for you and your loved ones. Multigenerational households pose additional challenges to heads of households. A multigenerational household has two or more adults from different generations. More than 60 million Americans live in multigenerational households, comprising 19% of the population. Living in a household […]

Can’t afford the fancy college of your child’s dreams? When it happens in the comedy The House, parents Will Ferrell and Amy Poehler start an underground casino in their basement. Financial professional Brad Allen talks with Milwaukee’s WTMJ-4 about options for parents finding themselves in this all-too-real situation: 1. Start Saving Early – A lot […]

Parents – do you feel like the human ATM? Whether it’s a night out to the movies with friends or fees for extracurricular activities, teens can be heard nagging their parents for money. Parents spend thousands of dollars to raise their teens! Raising teens is now costing parents $245,340 from birth to the age 18. […]

Parents may not realize it, but their debt is impacting their kids’ behavior and well-being. But, not all debt is created equal! A new study shows unsecured debt, like credit card balances, payday loans and medical bills, are linked to more behavioral problems, while home mortgage and education debt are linked to fewer problems. In […]

Moms would do anything for their kids, but there’s one thing they shouldn’t do: go into debt! Nearly half of moms in a recent survey admitted they are spending beyond their means to give their kids the newest clothes, shoes and gadgets and enroll them in extra activities. Financial professional Mike Williams talks with Milwaukee’s […]

The majority of families got an “F” when it comes to knowledge about 529 college savings plans. About two-thirds of people answered wrong when they were asked what a 529 plan is. Financial professional Tony Drake, CFP® talks with Milwaukee’s WTMJ-4 about what 529 college savings plans are, and how parents can use them to […]