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As parents, it’s crucial to have open conversations with our children about their future, especially when it comes to financial independence.
In this episode, Peter Raskin delves into the essential conversations parents should have with their children regarding their future. He explores legal considerations like access to important records to financial aspects such as health insurance coverage and budget adjustments and provides practical insights and steps to navigate this important phase of parenthood.
Peter discusses:
- The significance of open communication with your child regarding their financial future and the different definitions of independence among families
- The importance of discussing financial expectations and preparing children for post-high school or college life
- Key considerations such as access to important records, state residency requirements, health insurance coverage, health savings accounts (HSAs), and financial planning after your child leaves the house
- The top questions you should have the answers to about your child’s financial future
- And more
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