Kids’ Best Financial Adviser: Grandma or Grandpa

Grandparents apparently hold more sway over their grandchildren’s saving habits than they know. According to a survey by TIAA-CREF, a New York-based financial services firm, most young adults (73 percent) say their grandparents do influence their money decisions and more than half call their elders excellent savers. Yet few grandparents capitalize on their standing: Only 8 percent say they’ve had or are likely to have a conversation with their grandchildren about money. >> Sign up for the AARP Money newsletter Among …

Grandparents and Parents Need a College Savings Plan

We are currently in the midst of completing the college search for one son and beginning the college search for our second son.  We’ve needed a crash course to keep up with the application and search process these days but the savings work had started years earlier.  While most of the work falls to the parents and the student, the whole process of saving for school is very much a multi-generational activity.      I’d like to share some of our lessons …