Learn how to take the awkwardness out of this conversation and clear the way for a shared vision for the future and how to identify problem areas before there is a crisis.
- Many of us with aging parents…worry about our folk's financial security.…But we don't know how to broach the subject.…We don't want them to think we're prying,…or suggesting that they're infirm, or God forbid,…that we're grubbing around to see if there's an inheritance.…With so much potential for miscommunication,…I find that it helps to approach the topic…with a bit of context and planning.…First, let's understand why…this conversation is so difficult.…We're dealing with three very powerful taboos,…money as a highly private matter,…the power shift between parents and adult children,…and the prospect of declining health and even death.…
This is far from lighthearted fare,…if you were going into this talk,…and not feeling uncomfortable,…I'd say you weren't being honest with yourself.…We should make room for those feelings,…and perhaps even acknowledge them at the opening.…Mom, I know this can be tough to talk about,…but I wanted to let you know I've been thinking a lot…about financial security lately.…I realize we've never really discussed this before.…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Appropriate for all
Personal Finance Tips and Trickswith Jane Barratt2h 58m Appropriate for all
New This Week
Your Money Management
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