Financial planner: 5 pieces of advice for setting up your child’s financial future

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(CBS 58) – Certified financial planner Tony Drake joined CBS 58 to share advice for parents looking to jump start their child’s financial future.

Drake’s money lessons for mom and dad include:

  • When the baby arrives - get life insurance
  • When kids are in school - teach them how to earn money
  • Getting a first job - talk about saving for retirement
  • In adulthood - share your financial plan
  • When your kids have kids - save for future generations

More information can be found on the Drake and Associates website.

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