Sunday, May 15, 2011

Graduating Without a Financial Plan for the Future

We had a great time at Julia's graduation party yesterday. Congratulations Julia!

Notably, I came across a pretty good article in the Washington Post today that talks about what a poor job our education system does educating our children about personal finance. For all of the new grads and soon to be new grads or anyone soon to enter the job market, please read the attached article here.

Unfortunately, the article does not give much detail about what our children and young people should do to get their finances in order, pay off their student loans, and plan for the future. Since I am an experienced, professional financial planner and a registered investment advisor, I would like to help the children we love, who, in many cases, are being put into debt by their elders (national debt or college loans anyone?!) or have fears that all the social security and medicare money will be used up by the baby boomers and they will be left with nothing or more likely less than what their parents receive.

While I believe that social security and medicare will be protected for our children, I also firmly believe that the benefits of these entitlement programs will be reduced, maybe substantially reduced in the future when our children retire.

Therefore, and without further ado, I am offering to give some FREE financial advice to our new grads or soon to be new grads to help them meet their financial obligations and challenges so that they can have a happy and successful future. There are no strings attached, so please pass the info along to your family and friends.

To help the widest audience of our graduates or soon to be graduates, if you have any financial questions, please post them to my financial blog here. I will consolidate similar questions and answer them as soon as I can. If your question is of a personal nature that you would prefer not to share with the group, just drop me a note at my email address: barry@barkerfinancialmanagement.com.

Barry