Retirement Resources President and Investment Advisor, Dave Boike, repeatedly encourages parents to teach their children about finances, and now the state has mandated that the school system throughout the state of Michigan teach children financial basics starting in the 2023-24 school year.

Auburn Hills, MI — January 26, 2023— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy published a new article post on the company website entitled, “Finally, Personal Financial Education In High School Is Law In Michigan.” Mr. Boike clearly supports the idea and continues to encourage families to teach their children personal finance basics too.

As Boike notes, Last July, Michigan became one of 14 states which have mandated personal finance education starting in grades 8 through 12.” He continues, “This has been a long time coming and makes me happy to know that finally kids are going to get at minimum some basic foundation in financial education. This most important aspect of life has been, in my opinion, ignored way too long.” According to Boike, “Financial education is among the most basic requirements for a stable life. Several laws that focus on financial education go into effect when kids head back to school in the fall 2023-24 school year.”

“According to The Financial Industry Regulatory Authority,” Boike states, “about 66% of Americans are financially illiterate.” He adds, “I’m delighted that Michigan has joined other states throughout the nation looking to put the next generation in a better position to navigate this particular stressor of modern life.”

Boike acknowldedges, “Financial issues have long been known to contribute to marital problems that often lead to divorce in this country. Perhaps the next generation will not be plagued with this particular issue to such a great degree anymore. As more and more young people become financially literate, hopefully they’ll enter marriage more prepared to make better financial decisions.”

Read the entire article at LINK HERE

About Dave Boike

Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth.  For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He has taught Retirement Planning Classes at Michigan State University, Wayne State University and Oakland Community College. 

For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.

Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning.  He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals.  As a strong advocate of education, Dave recently spoke at The Michigan Association of CPAs, and has taught retirement planning classes at Michigan State Education Center, Wayne State University, and Oakland Community College

Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting-edge solutions to address those challenges.  He teaches you in this easy-to-read book how to take the steps necessary to achieve your successful retirement.

Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.

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