The Money Talk With Your Children
b'with Lauren Brouhard, SVP Retirement Solutions at Fidelity Investments
Almost two-thirds of all parents and their adult children are at odds over when to talk about family money matters and subjects like retirement, elder care and estate planning. Money is often a taboo subject, with parents not wanting to talk about it for fear that their kids may get complacent about their future, and with kids not wanting to talk about it because they don\\u2019t want to think about their parents getting old. But it\\u2019s important to get all the legal documents in place in the event that tragedy strikes.
So when\\u2019s a good time to have this \\u201cmoney talk\\u201d with adult children? What are good strategies on addressing the distribution of assets or issues such as elder care, specially with multiple heirs? How should aging and health be factored into this discussion? And how can an objective financial advisor play an unbiased role in all this?'