MoneyWise | October 1, 2018

Supporting Adult Children

Show Notes

On this edition of MoneyWise, Steve Moore and Rob West discuss the financial consequences of helping too much. They talk about how supporting adult children can have a negative impact on the parent's retirement savings and offer some alarming statistics on the topic. 

Next, they answer your questions at (800) 525-7000 and about the following:  

  • Why should you consider investing in ETFs instead of mutual funds?
  • If your daughter who has trouble with anxiety has an issue with uncontrollable spending and debt, what are some things you can do? 
  • Can you build credit without a credit card?
  • If you're 19 years old and on food stamps, how can you space out available funds to have enough for necessities for the whole month?

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