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Personal Finance (Not Investing) • Parent expressed desire for me to manage finances some day

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Hi,

One of my parents has her money managed by a financial advisor (when they started a relationship with a financial advisor, I was a child. now I am in my 30's). They acknowledge that the fees are kind of high and would like someday for me to manage it. I also want to do this; this isn't immediate, but whenever I feel ready to do so. I come from an ethnic family, and we are close, so it's not unheard of adult children in our culture to do this.

Earlier this year, I volunteered with the AARP and was a tax volunteer and learned a lot about taxes this way. I'm going back to school for accounting and plan on taking the CPA if that helps.

I have also read many of the personal finance books recommended in the Wiki here throughout my childhood. I read the posts here from time to time, but I don't feel a lot of confidence from reading random posts that interest me.

I'm looking for a more comprehensive course/some testament to the fact that I can in fact handle this responsibility.

Any advice would be appreciated, thanks.

Statistics: Posted by Macaroni2314 — Sat Aug 31, 2024 7:35 am — Replies 29 — Views 1023



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