When was the last time you considered this question: Do your kids know what they’re doing with their money? And I’m not talking about toddlers, younger kids or teenagers. Those kids have an excuse: They’re young — they might have an allowance and be legal dependents. But if you don’t know how your grown kids are doing with their money, their mistakes could affect you and your family’s finances and wealth picture.
Think back to your days as a young adult in your 20s and early 30s — did you understand the importance of things like savings and taxes? Did you even care about something like retirement? Back then, that must have seemed so far in the future!
