If an illness or death befell your parents, spouse, kids, or any other close relative, would you be able to access their financial information and handle their affairs? If something happened to you, would your spouse and family know what to do and where to find everything? If the answer is no – as it is for most people – then Beth Pinsker has a roadmap for you. Beth is a Certified Financial Planner, a columnist for MarketWatch, and the author of My Mother's Money: A Guide to Financial Caregiving. Host Robert Brokamp and Beth discuss the documents you need and where to put them.
Also in this episode:
-Somber news on the employment front
-Bonds are having one of their best years of the past two decades
-As rates on cash decline, money market funds still offer compelling yields – and, in some cases, tax benefits
-Use tax-loss harvesting to reduce your tax bill and rebalance your portfolio
Host: Robert Brokamp
Guest: Beth Pinsker
Engineer: Bart Shannon
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