Leaders are Made, Not Born


A new study supports the idea that parents can raise their kids to be leaders.

Allowing children to moderately break the rules sometimes might not be a bad idea. Children are most likely to take on leadership positions if they are allowed by their parents to challenge their boundaries, according to the study by the Rotman School of Management at the University of Toronto.

The research, based on data from a long-term study of male twins in Minnesota, found that individuals who challenge the status quo or boundaries of authority earlier in life might learn a lot, if their parents help them understand why the actions were problematic and how to achieve goals without breaking the rules. Basically, some rule-breaking gives children the opportunity to learn why rules are in place and how to achieve goals without breaking those rules.

Those children who test the norms (but don’t go too far) might assume leadership roles in life.

It has been established that leadership qualities are both genetic and environmental, the study noted. The researchers said that the latest research adds more weight to the idea that leaders are raised more than they are born, since behavioral genetics has shown that innate factors account for only 30% of who will end up in leadership positions and people’s leadership styles.

The research concluded that allowing children to face challenges, when paired with supportive parenting, might be a good idea: “This line of thinking supports the notion that parents have a responsibility to not always make things clear and easy for children. Pushing them towards the boundaries of what they must consider right versus wrong, may prepare them for more difficult dilemmas they will no doubt have to confront later on in adulthood.”

The study report is available here.

TD AMERITRADE Rolls Out Small-Business Retirement Tools

Small-business owners now have a new place to go for information about retirement planning.

TD AMERITRADE Holding Corporation has unveiled an enhanced site that it said offers a more user-friendly platform, new retirement planning tools, and “content tailored to distinct life phases.”

Part of that new offering is a new Small Business Retirement portal that offers information and tools from third-party providers to guide small-business owners though the retirement process.

In addition to the small business focus, the site also offers IRA Selection Wizard, a new tool that helps investors determine what type of IRA account investors qualify for, and to help them better understand the potential advantages of each account type;and WealthRuler, a tool that helps investors assess their retirement readiness.

Other Tools

According to the announcement, investors also have access to:

  • a portfolio diversification tutorial;
  • information about college savings options, such as the 529 plan; and
  • Bond Wizard, which takes investors through a step-by-step process to help find bonds to “best fit their needs from long term investing to income solutions,” according to TD AMERITRADE.

“We looked at how our clients interacted with our Web site and discovered that there was a need for a more robust retirement planning experience,” said Diane Young, director, retirement and goal planning, TD AMERITRADE, in announcing the new tools. “These enhancements allow investors to select the appropriate life phase—planning and accumulating stage, nearing retirement or in retirement—and easily choose an action plan to help get started. The site offers something everyone can benefit from: easy-to-use, interactive tools and information, paired with objective investment guidance.”

The online resource can be found under the “Planning & Retirement” tab at TDAMERITRADE.com, or directly here

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