Dollars & Sense w/ Pam Cook: Turning 18 - A parent's guide to protecting your finances and your child

In this episode of "Dollars and Cents," Pam chats with financial expert Jason Matthews. Pam and Jason give advice to parents on crucial steps to take when their child turns 18. From the importance of transferring the car title to the young adult's name and securing a separate auto insurance policy for them. Jason also explains why parents should have their 18-year-old establish a will and a healthcare directive. The discussion also covers the significance of encouraging young adults to start investing early through a Roth IRA and emphasizes having honest conversations about what the family can afford for college to avoid crippling debt for both parents and students. Learn more about your ad choices. Visit podcastchoices.com/adchoices