All the news about inappropriate sexual behavior in government and the workplace is depressing. Especially when I have a college-aged daughter about to enter the workforce soon.
All parents want to protect their children from any potential harm. Parents also want their children not to repeat the painful mistakes that we made at the same age. At the top of those list of mistakes is money mistakes.
Last week I read a very insightful article by Beth Kobliner. She is a New York Times Bestseller author of two books on how to teach young people about money.
Beth’s article on, “Raise Your Daughters To Be Investors” is an instant classic. Beth writes about a recent New York Times article by Tara Siegel-Bernard that comments on a recent study by Fidelity Investments on women 401(k) millionaires.
My college daughter will start her first job soon. She needs a company 401(k) savings role model. I just e-mailed her a copy of both of these great articles.
My daughter does not always listen to my advice. “What does Dad, know anyway?”
She is pretty good with money. But I want her to be really good with her money. I want her to manage her first company 401(k) retirement plan account like I would after 34 years of managing other people’s retirement savings.
These two ladies have authored great company 401(k) investment management advice for all women. Take the time to forward the links to these articles to your favorite daughter, granddaughter, or any young women who you care about. They could use the words or wisdom and encouragement.
Ric Lager
Lager & Company, Inc.
