As a parent, it's reasonable to want to guide your children through the financial blizzards of early adulthood. But beware of “snowplowing parenting” - when well-meaning intentions drive parents to clear all financial obstacles from their children's path, even at the expense of their own finances. Learn what you can do to recognize and avoid these behaviours.
A major motivation to begin financial planning is to alleviate the fear of not having money later in life. But did you know that without a proper financial plan, many people find that they could have spent more in their earlier retirement years?
Financial education and literacy is rarely discussed in schools and usually not discussed at home. So as a parent, how do you know where to draw the line between your natural desire to help your children and the need for them to take care of their own financial future?
Robo-advisors and digital investment tools have certainly made selecting and rebalancing portfolios faster and easier. Explore how the rise of these technologies has emphasized the indispensable value of a human financial planner through their ability to take a holistic and ethical approach to their clients' long-term financial health.
It's never too early to start teaching your kids sound financial habits. Learn what you can start doing now to help your children make wise choices about their money when they're young which will ease their reliance on you down the road.
There are a lot of ‘firsts’ for new graduates, from first regular income to first payments on student loans. And it's just as important to identify and plan for financial goals at this life stage. Find out how a financial plan can help new graduates see the whole picture and stay on track for their future financial goals.
Let the family feud begin. Financial Planning Standards Council (FPSC) commissioned a survey on Children and Financial Dependenceand found that many parents say their millennial children are still financially dependent on them and some are even causing a financial strain.
It happens to everyone. When an unexpected financial setback hits, saving money may be the last thing on your mind. Follow these steps to rebuild your savings and get back on track with your financial goals.