Financial planner: 5 pieces of advice for setting up your child’s financial future

(CBS 58) – Certified financial planner Tony Drake joined CBS 58 to share advice for parents looking to jump start their child’s financial future.

Drake’s money lessons for mom and dad include:

• When the baby arrives - get life insurance
• When kids are in school - teach them how to earn money
• Getting a first job - talk about saving for retirement
• In adulthood - share your financial plan
• When your kids have kids - save for future generations

More information can be found on the Drake and Associates website.