Kids & Money
Information, commentary and analysis on your kids and money, from the team at Kiplinger.
There are so many responsibilities that come with raising children, from keeping them safe to instilling them with morals and values — and finances are part and parcel of it all. When you were starting a family, you thought about the budget to keep them taken care of, including paying for basic needs and childcare. And you also considered their future: Setting them up for college tuition or a nest egg to start their own adulthood. As they grow, questions come up like how to teach them about handling money responsibly, while you have to make decisions about how to manage money for them responsibly.
We know there are endless questions and scenarios when it comes to your kids and money, which is why we've dedicated this space to provide insights and guidance.
Latest
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How to Support Multiple Generations in Your Family Without Gutting Your Own FutureYou may be helping aging parents with medical expenses and adult children with living costs. How to care for your family without sacrificing your retirement.
By Chad Waddoups
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How the IRS Values (and Audits) an Inherited HomeInheritances Talking to your kids about a proper home valuation can save them from unexpected IRS penalties and capital gains taxes.
By Kate Schubel
Inheritances -
7 Ways Parents Can Help Teens Start InvestingNew research shows 70% of teenagers are eager to get into the market — and they're looking to their parents for guidance.
By Jeannie Bidner, CFP®
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How to Prepare Your Kids to Manage MoneyMore than half of parents and grandparents believe children are less financially prepared than they were. Here's how you can help close the gap.
By Chloé Briel, CFP®, ADPA™
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A Parent's Playbook for Raising Financially Fit KidsTeaching your kids about money is a lifelong journey, so start early with hands-on lessons to help them build good habits that will pay off in the long run.
By Nicole Farbo, CFP®
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5 Essential Steps Before Signing Private Student LoansMany families will be turning to private student loans to pay the fall tuition bill. Use this checklist to make sure you're getting exactly what you need.Srav
By Sravani Atluri
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How to Get an Employer Match for Your Trump AccountYour employer can contribute up to $2,500 a year to your child's Trump Account. The funds won't be taxable income for you and are a deductible business expense.
By Blake Smith, CFP®, AIF®
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Which Trust Type Saves Your Kids The Most Money?Inheritance Tax If a basic will isn't enough to protect your family's assets, you have two trust options: revocable vs. irrevocable. But only one is right for you.
By Kate Schubel
Inheritance Tax -
Trump Account: A Head Start Plus a Learning OpportunityThe government will add $1,000 to Trump Accounts for eligible children, but families who contribute regularly and use them as a learning tool can benefit most.
By Jason “JB” Beckett
