In comparing U.S. parenting styles with those of other countries, American-Israeli behavioral scientist Dan Ariely told me we pay a lot for our belief in letting children make their own decisions without lecturing to them about what's right and wrong. In the rest of the world, he pointed out, kids are still kids for many years after they reach 18: "Italians tell their children, 'Save 25% of your paycheck,' and they keep telling them that well into young adulthood." Even if 25% is too low a number, Ariely added, it's better than nothing. He believes parental rule-setting can yield positive results, while allowing youngsters to make their own mistakes may have disastrous financial consequences.
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A survey of advisors nationwide reveals how the use of ETFs is expanding and what factors are likely to further support this trend.
ThinkAdvisor and the College for Financial Planning have partnered to bring you a series of helpful educational tools that you can use to take your career to the next level.
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Get to know each Millennial’s unique mindset
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Join this conversation as a panel of experts provides tips and best practices to optimize your tech resources for business growth.
Oct 25, 2017
Join this complimentary webcast to discover how to leave the impression that employee benefits is stodgy and sluggish in the past.
Sep 28, 2017
Women face unique retirement challenges. We can give you key considerations and strategies to help you optimize your female clients’ Social Security. In this webcast, you’ll...