Bob Kargenian Quoted in Financial Advisor Magazine Article
Bob Kargenian was quoted in an article entitled Failure to Launch in Financial Advisor Magazine, a monthly publication that covers market information along with sophisticated planning and investment strategies.
According to the article, “’In the last several years, we are encountering more and more situations where clients are needing to help their adult children,’ says Bob Kargenian, president of TABR Capital Management in Orange, Calif. ‘Some of this may fall into the category of “aimlessness.” … But most of it falls into the category of where the kids need the money. Several are living at home into their late 20s or even later; many perhaps don’t have enough income from their jobs, and so Mom and Dad help pay house payments and even college and high school tuitions, some of which run into the $20,000 and even $30,000 per year norms. Or they help with deposits on new homes, or even pay the mortgages of their kids. The list goes on and on, and has become more common in our practice.'”