Mailbag: Setting Your Teen on the Right Financial Foot
Episode 280
Mailbag: Setting Your Teen on the Right Financial Foot
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Equipping Points:
We’re back with another mailbag edition of the show! This week, we tackle two thoughtful financial planning questions from listeners.
First up: a retiree who received a federal tax refund wonders if it’s a smart strategy or a sign to adjust withholdings. David explains the pros and cons of overpaying taxes in retirement, why minimizing refunds often makes more sense, and how to create a smoother retirement income stream.
Then, a parent asks how to help their 18-year-old daughter start off on the right financial foot. David shares four practical strategies to help give young adults a strong foundation for the future. Don’t miss these valuable lessons for anyone planning ahead!
Here’s some of what we discuss in this episode:
🔍 Tax strategies for withholding in retirement
🧾 A case for keeping refunds small
📅 Creating a steady income
🎓 Helping young adults start strong
🚫 The risks of credit card debt
Previous mailbag episode
https://www.creativeoneadvisorsgroup.com/mailbag-should-you-fund-your-business-with-ira-money
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
