How to help clients reduce financial help for adult children

04/12/2012 | Registered Rep.

Advisers can help their clients reduce financial assistance to adult children, writes Kevin McKinley of McKinley Money. "If you have clients stretched between supporting their older youngsters and saving for retirement, you can delicately help the parents nudge, shove, and kick the offspring out of the proverbial nest," McKinley writes. Advisers can show the clients the cost of "subsidizing" children's expenses, direct them to rein in higher-education costs and help create a plan to gradually reduce the money they provide, he writes.

View Full Article in:

Registered Rep.

Published in Briefs: