# 2013: Ask Farnoosh: Raising Wealthy Kids, Rethinking Retirement & A $700K Inheritance

Page: https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance
Text version: https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance.md
Podcast: [So Money with Farnoosh Torabi](https://stenobird.com/podcast/so-money-with-farnoosh-torabi-201423)
Published: 2026-07-24T19:25:34+00:00
Episode link: https://shows.acast.com/so-money-with-farnoosh-torabi-1/episodes/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement
Audio file: https://sphinx.acast.com/p/open/s/65675c71c3ca8a0012804645/e/6a63b446a51cbd54e264fd2f/media.mp3?tk=eyJ0ayI6ImRlZmF1bHQiLCJhZHMiOnRydWUsInNwb25zIjp0cnVlLCJzdGF0dXMiOiJwdWJsaWMifQ==&sig=L6pH0SpT8L7wliQ2X-HTPaMuH8jxey_doabzN0Fc3oM
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JSON: https://stenobird.com/v1/public/podcasts/so-money-with-farnoosh-torabi-201423/episodes/2013-ask-farnoosh-raising-wealthy-kids-rethinking-retirement-a-700k-inheritance
Duration seconds: 1954

## Resource

This week on Ask Farnoosh, I'm reflecting on a memorable visit to the Today Show with my daughter, Colette, and how exposing kids to new experiences can shape their futures. That conversation leads into one of the smartest long-term wealth-building strategies available to parents: putting your child on payroll—legitimately—and using earned income to fund a Roth IRA. I also unpack fascinating new research linking chronic financial hardship to long-term brain health, discuss Senator Andy Kim's proposed Healthy Kids Act , explore why modern baby registries are shifting from "stuff" to services, and share lessons from a Washington Post column on what people consistently misunderstand about retirement. Then, in this week's listener question, I help a family navigate an emotionally complicated financial crossroads: a potential $500,000–$800,000 inheritance, a home renovation, IVF, a recent layoff, and the challenge of deciding which priorities deserve the biggest investment. Together, we explore why the most valuable outcome isn't simply growing wealth—it's creating more choices. Referenced: Senator Andy Kim on So Money. Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open! Hosted on Acast. See acast.com/privacy for more information.

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