Humorist Erma Bombeck once penned in her weekly newspaper column that, “When your mother asks, ‘Do you want a piece of advice?’ it is a mere formality. It doesn’t matter if you answer yes or no. You’re going to get it anyway.” As many of us celebrate our mothers this coming Sunday, think back to a time you received motherly words of wisdom—requested or not. Insight given across the dinner table or yelled from wooden porches as streetlights began to brighten can stick with us for decades, and might even have a place in your retirement planning. This week on Retirement 360 with Kentuckiana’s Retirement Coach Alan Mercurio, we’re asking our listeners to think back to the financial lessons handed down by mothers. Women entering motherhood find themselves in a variety of financial circumstances. Some choose to stay-at-home to handle childcare, while others dually juggle being a full-time mom and holding a full-time job in the workforce. Some take the lead on financial matters, while others prefer to shift their focus elsewhere. No matter what role your mother chose for herself, most adults report that their mothers passed three core financial lessons to their children: pay your bills on time, don’t gamble away the roof over your head, and slow-and-steady trumps get-rich-quick every time.
Retirement 360 is a Sunday morning radio tradition in the Louisville, Kentucky area, running for well over a decade. Alan Mercuio and Troy Bolton of Mercurio Wealth Advisors take a look at economic issues and topics related to retirement planning, as well as educating listeners to help prepare them for their post-working years, whatever they may have in mind for them.