6 things to tell your grandkids about saving for retirement

Retirees: imagine starting over in your 20s, armed with what you know now. There would be no limit to what you could accomplish with decades of experience on your side.

Until scientists find a way to turn back the clock, the next best thing you can do is offer advice to the younger generation, particularly your grandchildren, so that they can avoid the pitfalls that only experience could help them navigate safely.

As your grandchildren graduate college and start their first jobs, now is the perfect time to teach them the importance of proper retirement planning, and the key tenets that got you to where you are today are still paramount: don’t spend too much money, don’t take on too much debt, and always plan for a rainy day. Continue to reinforce these concepts in the same manner your parents and grandparents did for you. […]