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here. Straight talk from the money editor The earlier children learn about money and savings, the better the financial skills they will develop. That foundation will prepare them to properly face financial challenges in adulthood. Teaching kids how to budget, spend and save is critical for their personal development. It seems like common sense. However, in this country, children are coming up empty when it comes to financial literacy. About 20% of children in the U.S. don't meet baseline levels for financial literacy proficiency, according to industry studies. Mom, dad and schools need to take the time and work with kids, to teach them about dollars and cents. I hope you all have a peaceful and happy Thanksgiving! (Hint: Don't discuss politics with your family or friends on Thursday.) For more stuff like this, please follow me on Twitter @jimpavia. | | How to teach your kids about money When it comes to teaching your own children about money, the secret comes down to imparting two life lessons: delayed gratification and autonomy. | Why not saving enough for retirement is OK Do you think you'll have 10 times your salary saved by the time you stop working? Here's why that figure isn't the best metric for you to use. | Parents, don't let your kids blow their inheritance Anyone with assets like a house, 401(k) or even a savings account should think about exactly how those possessions will be distributed one day. | Medicare premiums to rise 23 percent in 2018 for many The 2 percent increase in Social Security benefits will help toward paying the Part B premium. | Donating a car to charity? Pump the brakes In theory, donating used cars to "charities" helps you unload vehicles, aid a cause and lower your tax burden. In reality, it's rarely such a win-win. | These deductions can reduce your 2017 tax bill You maxed out your annual 401(k) contribution and are wondering how else to save on taxes next April. Here are six deductions to think about taking. | How to make the most of your HSA Used the right way, a health savings account could help you put aside more for retirement. Here's how to strategize. | 5 best cities to retire CNBC analyzed five "best U.S. cities to retire" lists. Three of the five most-mentioned cities share the same balmy climate. | Try these low-risk investment alternatives with higher returns Here are some investments that are fixed, typically keep up with inflation, don't have any risk and are offered by insurance companies instead of banks. | 'Own The Robots' goes global "The incredible outperformance in technology stocks has been occurring around the world, with the indices being remade in the rally's wake ... " | | Sharon Epperson | | | Josh Brown | | Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. |
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