By Lorraine Ell

The joy of travelling with your adult children and their families is a growing trend among retirees. Most of us live scattered across the globe and multi-generational family holidays are increasingly seen as the best way to gather together. Whether you include parents and adult children only or entire families including the grandchildren vacations can add to building a bank of memories. Of course, this all sounds great but what are the realities of multi-generational travel and what do you need to know before embarking on your adventure?

A client came in this summer and told me her son was entering college. Because her son was 18, he could access the money in his custodial account, and she wanted to know how to discuss it with him. Keep in mind each state has different age limits on custodial accounts that range from 18 to 21. There are essentially three scenarios that can play out.

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This article is also available on the BMW Blog at: http://www.bmwblog.com/category/bmw-european-delivery/

If you have decided to spend that startling amount of money on a car, you may have to admit it’s not really an investment, but do we have to call it an expensive toy? No, not if we make the acquisition a memorable experience.

Lorraine Ell clears the confusion.

Investors are confused by the myriad acronyms replete in the financial services industry as they appear after the names of any number of Vice Presidents and Directors. Many designations are merely certificates issued without rigorous tests or any assurances of a defined body of knowledge that should include financial accounting, investment analysis, and the law. Not surprisingly, in this complex and turbulent industry only two designations require a regimen of exams and a college degree, the Chartered Financial Analyst (CFA®) and the Certified Financial Planner (CFP®).