Financial planner and educator Tom Henske sits down with InvestmentNews anchor Gregg Greenberg to talk about his book on raising a financially fit child, It Makes Total Cents. Watch Full Video (6…
Author: Tom Henske
The Costs of Cooking Experiment
Our father, a financial advisors for 24 years, taught us a very cool “math magic” trick that he told us he uses on a weekly basis. We thought you might like to learn it in your households as well.
Bring In The New Year with Budgeting
How is it that most high school graduates are leaving to go to college without having had a meaningful conversation or practice on budgeting? Here’s how you can kick off the year in a way to get them thinking about the concept.
FA Magazine | How The ‘Backdoor Roth IRA’ Can Benefit Some High-Income Clients
LimitationsYou can’t actually contribute more than $6,000 a year to a Roth IRA, or $7,000 annually if you’re 50 or older, whether it’s a direct investment or a conversion. That may be…
Video | Where Westport Meets the World – “06880” Podcast: Tom Henske
Advice for the class of 2022: What new graduates need to know about money and jobs
If you wait too long to start, you will miss out on the compounding interest that can really make your money grow.
CNBC | Does inflation have you worried about retirement? Here’s what experts say to do
Inflation may have you worried about your retirement. Yet investing in equities is the best hedge against inflation, said Tom Henske, a New York-based certified financial planner.
“One of the main reasons you invest is to protect your purchasing power,” he explained.
“One of the main reasons you invest is to protect your purchasing power,” he explained.
CNBC | Your kids can learn life lessons from investing and trading in stocks—here’s how
Robinhood, for example, drew unprecedented levels of young, first-time traders to the stock market during the pandemic. The rise of such trading platforms that allow kids to buy stocks can be viewed as “a great…
The Balance | When Should You Give Your Child a Debit Card?
Debit cards also allow children to spend money on school trips domestically or internationally or while visiting relatives. “At younger ages, it’s important to use actual cash to help children become comfortable…
CNBC | Who should teach kids about money?
“Every child’s very first teacher is their parent,” said Yanely Espinal, director of educational outreach at Next Gen Personal Finance, a nonprofit personal finance organization. “This means early money lessons in the…