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The Talk to Have With Your Kids Before You Retire
Budgeting and Financial Planning

The Talk to Have With Your Kids Before You Retire

Rodney Brooks
|
June 18, 2018

Baby boomer parents need to add an important item to their retirement checklist: A conversation with your kids to discuss how your life will change in retirement.

It can be uncomfortable for some parents, but you need to prepare your children for your impending retirement. “It’s important to start financial discussions early in retirement,” says Dana Anspach, CEO and founder of Sensible Money in Scottsdale, Arizona. “If you’ve established open lines of communication, it makes things easier in later years when cognitive decline can impact decision-making."

 

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Hello, I'm

Rodney Brooks

An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.

 

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