How to talk to your aging parents about their finances

The Importance of Early Financial Conversations

Having conversations about finances with parents at an early stage is crucial to avoid complications as they age. These discussions can prevent confusion and stress during emergencies, especially when one parent is experiencing cognitive decline. It’s suggested to approach these conversations delicately, perhaps by asking for financial advice or sharing relatable stories about other families’ challenges. This strategy helps ease into deeper financial topics without creating a sense of confrontation or discomfort.