Author & Journalist
Copyright © 2014 Dan Kadlec. All rights reserved
Retirement, financial literacy, kids and money
On Financial Literacy
Dan on Oprah Winfrey talking about kids and money.
Daniel J. Kadlec is an author and journalist whose work appears in TIME and MONEY magazines and on their websites, among other outlets. He has written three books, including his most recent A New Purpose: Redefining Money, Family, Work, Retirement, and Success co-authored with Ken Dychtwald and published by HarperCollins. He blogs for Time.com and previsously blogged for CBS as the Bank of Dad.
Kadlec has appeared on Oprah, CNN, CNBC, Good Morning America, The Nightly Business Report and Wall Street Week. He is a contributor to World Book. He won a New York Press Club award and a National Headliner Award for his columns on the economy and investing. His writing is prominent in submissions that earned TIME the magazine award for General Excellence.
A New Purpose describes an emerging groundswell of volunteerism and other forms of giving back as history's largest generation, baby boomers, reach retirement age and seek to make good on the idealism of their youth. The book is about folks of every age finding meaning in all their pursuits by not relying on established institutions to carve out the giving experience that suits them. It follows on the heels of his 2005 book, The Power Years: A User's Guide to the Rest of Your Life (published by Wiley and co-authored with Ken Dychtwald), which examines the fast-evolving nature of retirement and describes how and why baby boomers will use their unprecedented longevity, health and wealth to redefine life's later years not as a time of withdrawal and entitlement but as a time to stay engaged and keep contributing in ways that are fun and fulfilling. Kadlec's first book Masters of the Universe: Winning Strategies of America's Greatest Deal Makers was published by HarperCollins in 1999. The book is based on interviews with business titans including Sanford Weill, Sumner Redstone, Carl Icahn, Hugh McColl, Ted Forstmann, Henry Silverman, Stephen Bollenbach, Gary Wilson and Joe Rice.
Kadlec joined TIME as a Senior Writer and columnist in 1996 and left his full-time position in 2007, when he became a contributing writer for both TIME and MONEY and began to devote most of his time to writing books and other projects. His focus has long been on the economy, personal finance, and other matters of individual well being. He has written extensively on many aspects of business. Cover stories he authored for TIME include one on the low-carbohydrate diet fad and another on economic trends that will keep many Americans at work until they're 80. Covers he edited at TIME include one on the real estate boom. He is the former editor of the TIME Generations section, which was written for baby boomers.
Kadlec came to TIME from USA Today, where he was the creator and author of the daily column Street Talk, which anchored the newspaper's business coverage. Kadlec first joined USA Today in 1986 as a business writer. He left briefly in 1989 to become part of the editorial leadership that launched the St. Louis Sun. He rejoined USA Today in 1990 as an editor, and began the Street Talk column in 1992.
Kadlec holds a B.A. in Communications from Marquette University, where the College of Communications recognized him in 2005 with its top alumni honor, the By-Line Award. He and his wife, an executive at Johnson & Johnson, have three children and live in Chappaqua, N.Y.
I’m researching what will be my fourth book, the working title of which is Self Security: Simple Money Conversations That Will Empower and Protect Your Kids for Life. While I remain intensely interested in the financial and lifestyle considerations of baby boomers (the focus of my last two books), in the past few years I have become fascinated by boomer children and grandchildren. They are huge generations in their own right and face unique personal financial challenges, including soaring student loans and the pressing need to get smart about money and credit at a young age.
Today’s young will become adults in a world without financial safety nets. They must plan to live to be 100 or even older. More than any generation before them, they will be asked to make critical money-related decisions about pensions and investing, insurance, saving and spending without a lot of guidance or anyone to catch them if they fall. Their ability to learn to fend for themselves in a world full of opportunity but fraught with financial risk is the only entitlement they’ll ever get—or need. It all starts with a handful of basic money conversations they should have with parents before they leave home.
My interest in this subject is deep-rooted; springing from a cover story I wrote for TIME magazine in 2002 titled, You’re on Your Own, Baby! I later wrote a feature for MONEY magazine with financial tips for my college-bound daughter. That feature landed me on the Oprah Winfrey Show, where we explored the subject of kids and money. The Oprah video and others are on this site. Kids don’t learn about money in school. I am an advocate for change in that regard. But it will come slowly, which is why a book like the one I am researching is so important.
A New Purpose
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The Power Years
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Masters of the Universe
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I’d like to hear from you. Here’s where you can find me:
E-mail: dankadlec@dankadlec.com
Website:
www.dankadlec.com