Dave Says: Make Impulsive Son Earn Your Largesse

Thursday, August 25th, 2011

Dear Dave: I recently received a beneficiary IRA when my mother passed away. I also received a small part of her estate. I’d like to share some of this windfall with my 24-year-old son. He’s a good boy, but he’s pretty impulsive and not good with money. Do you have any suggestions? —Kimberly

Dear Kimberly: I’m sorry to hear about your loss. It’s tough enough losing your mom without having to worry about a grown son with money issues.

I’m sure he’s a good kid, but I don’t like the idea of just giving him money (more…)

Wealth in Any Market: What Can You Do That’s New?

Friday, January 8th, 2010

“Foreclosures are at an all-time high.”

“Banks are out of money to lend.”

“Commercial retail properties are closing up shop.”

With daily U.S. news reports full of doom-and-gloom about property values and the credit markets, what’s a real-estate investor to do now?

Reinvent yourself. (more…)