Protecting Your Teen's Trust

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2023

Risk Aversion And Loss Aversion — Two Keys To Retirement Saving

When it comes to retirement planning, risk must always be carefully weighed. How much are you willing to — or should — risk in order to get the returns you need for a healthy retirement? The answer to this question varies due to many factors. It also changes as you get closer to retirement. Keys to finding the right risk level for you personally is understanding both risk aversion and loss aversion.…

Now that your teen is getting ready to turn 18 and take ownership of their trust, it’s important to make sure that they are prepared to use the money responsibly as they find their in the world as a new adult. One of the best ways to get your teen prepared for managing a large chunk of money is to hire a financial planner to work with. A financial planner can walk your teen through all of their investment and saving options and help them to make a plan with the bulk of their trust so the money is used wisely from the get-go. This blog is dedicated to providing parents like you with insight into financial planning for young adults and is filled with tips and tricks you can use to help protect your teen’s new fortune.