Money Questions You Should Be Asking Your Parents

HOW DO I TALK TO MY PARENTS ABOUT THEIR MONEY AND
RETIREMENT?


One of the fun parts of being a financial planner is getting to
field and answer questions from clients and readers all around
the country. In these Work Your Wealth episodes I'll be taking
time to address and answer questions I've come across from
readers and clients throughout my career. Today I'm answering the
above question.


HERE’S WHAT YOU’LL LEARN FROM THIS EPISODE:


What you should be asking yourself now as it relates to your
parents and money

The importance of talking to your parents about THEIR money

Money questions we’ve been asking our parents

A few ideas to open up the money conversation

How personal money stories can ease the conversation with
parents about their money

Why you’re asking these questions about your parent’s
finances

Why your parents should visualize how they see retirement

Different revenue streams you should be aware of for your
parents

How your parents healthcare plan could affect you

The biggest cost retirees face in retirement

Why you want your parents to have an estate plan set up

Items to look for in an estate plan

Why you need to ask, “Will you need my help?”

The reason you should ask your parents about their retirement
finances

How to plan now to help your parents in retirement



LINKS WE MENTIONED ON THE SHOW:


Money Questions You Should Be Asking Your Parents Blog

Helping Your Parents Financially Without Going Broke Blog

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