Are You Going to Have a Conversation With Your Parents?

You don't want to sit your parents down and grill them for hours about their finances. You just ask a very kind of open-ended question, how is retirement going for you or if they haven't retired yet? Get them comfortable with the idea of sharing some information with you. Do you have those estate planning documents? Do you have a plan to pay for long-term care? More than half of adults are going to need long- term care at some point.