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Author: RetiredVermonter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1498  
Subject: Re: Parents Nearing Retirement Date: 8/23/2006 5:04 AM
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WF:

Out of curiosity, do you talk with your kids about investing and dumb things you have done?

Some of the "dumb" things I/we have done are obvious, of course! We're all pretty close, after all.

As for investing? Depends. My youngest -- our son -- and I had a thorough talk a day after he graduated college, as he prepared to start his first job. He already had a "plan" for sticking aside as much as he could in a 401k, etc., so we just talked about whether he should be "aggressive" or "cautious". I urged "thoughtful aggressive" at his age. Today, 10 years later, he's doing pretty well, but is more diversified, as he should be. One daughter and her husband are pretty well set, both professionals, and both putting in money, etc. The oldest hasn't got much but has it in a couple of good mutual funds, and I have counseled her to please NEVER touch it, and let it grow.

They see that we're not wealthy but quite happy in retirement, and that's good. We enjoy seeing them lead good, caring and honest lives with their families and we're just grateful that they seem to have turned out well and made pretty good choices. What more can we do?

Vermonter

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