A great article on Scottrade News. Perhaps some of us can hold a seminar together for these kids.
Boomers Want Advisors’ Help With Kids
As baby boomers prepare for retirement, they want from their financial advisors than just competitive investment returns. Boomers want planners to help them teach their children about finances, something this free-spending generation done, according to a new study on retirement released Ameriprise Financial Inc. (AMP). The survey of 2,000 adults between ages 40 and 75 on retirement and financial planning. One of the more findings was that boomers want help teaching their children about money. More than half – 52% – said the most valuable financial planning services would be “advice to help your children become more financially savvy.” Boomers are worried about their children’s financial capabilities. These concerns “often outstripped worries about own retirement preparation.” Boomers think their children will face more “economic complexities” and less job security,” and they hope they better job of saving than their parents have done.