Money Talks

Conversations with Aging Parents

As your parents get older, they’ll inevitably begin to face a variety of issues that come with the golden years: planning for retirement, estate planning, living arrangements, long-term care, when to give up driving, and others.  Often it falls to one or more adult children to step in and help. Below are the steps to take to broach these topics with your parents as they begin to face these issues.

What's Your Money Motive?

Unless you’re Scrooge McDuck and enjoy swimming through piles of cash, money is not an end in itself.  Instead, money is a means to something else. Your money allows you to purchase necessities and luxuries, to finance family vacations and evenings out with friends, to feel good about yourself (or even superior to others), and to have some security in an uncertain world. There is always an underlying reason why we value money and use it the way we do. Understanding those reasons—why you earn, save, and spend your money—is where wisely managing your finances starts.