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…)