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Financial Discussions Between Generations
It can be a touchy subject, but parents and children need to have a clear understanding of finances. Children, for example, need to know how long the retirement “nest egg” will last, whether there’s a will (and the documents that go along with it) they can turn to, how are their parents’ investments arranged, what insurances are in play, etc. Having discussions on these issues in advance can head off a lot of confusion, and can lead to substantial peace of mind for all involved. Kathryn Vasel of CNN.money provides some insight into this aubjwxt in to an article posted on money.cnn.com. Check it out here…
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