Summary: Misplaced Optimism of Youth – Howard Dayton and Steve Moore give parents guidelines for directing their children toward responsible financial adulthood. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What financial preparation does the Bible say I need before getting married?" "What are the advantages of a Roth IRA vs a traditional IRA?" "My 79-yr-old mom has an annuity that just came due. Should we put that money into savings, into another annuity or somewhere else?" (Steve mentioned BankRate.com) "I'm on Social Security. Do I have to pay taxes on an IRA withdrawal?" "What do you think of life insurance for children?" Mentioned on today's program were the books, 'The ABC's of Handling Money' and 'The Secret of Handling Money', as well as the 'Money and Marriage God's Way' small-group study. Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!
