Comments on: Should you talk to your kids about retirement? http://www.bluntmoney.com/should-you-talk-to-your-kids-about-retirement/ Thu, 17 Dec 2009 12:51:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Chris Hynes http://www.bluntmoney.com/should-you-talk-to-your-kids-about-retirement/comment-page-1/#comment-11040 Chris Hynes Mon, 05 Mar 2007 20:04:41 +0000 http://www.bluntmoney.com/should-you-talk-to-your-kids-about-retirement/#comment-11040 I think talking to your kids about retirement and teaching them how to manage their money effectively is very important. If they start a 401(k) (or roth IRA if their employer doesn't offer a 401(k))when they are in their teens, and contribute just a few hundred per year, they'll be way ahead of someone who starts a 401(k) when they graduate college and start their first job. I also plan to incentivize my kids to contribute to savings, especially for retirement. Maybe an additional 50% or 100% match of what they save. I think talking to your kids about retirement and teaching them how to manage their money effectively is very important. If they start a 401(k) (or roth IRA if their employer doesn’t offer a 401(k))when they are in their teens, and contribute just a few hundred per year, they’ll be way ahead of someone who starts a 401(k) when they graduate college and start their first job.

I also plan to incentivize my kids to contribute to savings, especially for retirement. Maybe an additional 50% or 100% match of what they save.

]]> By: Liz J http://www.bluntmoney.com/should-you-talk-to-your-kids-about-retirement/comment-page-1/#comment-11035 Liz J Mon, 05 Mar 2007 19:02:00 +0000 http://www.bluntmoney.com/should-you-talk-to-your-kids-about-retirement/#comment-11035 I think kids have a hard time thinking about what is going to happen in a year from now...let alone retirement. I don't know that my kids, as teens would listen to me in regards to retirement. I think your son seems to be more mature than alot of kids--since he has $2K already--that is really good. I think kids have a hard time thinking about what is going to happen in a year from now…let alone retirement.

I don’t know that my kids, as teens would listen to me in regards to retirement.

I think your son seems to be more mature than alot of kids–since he has $2K already–that is really good.

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