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Motley Fool Answers

Awkward (but Crucial) Conversations for Your Holidays

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4823 Ratings

🗓️ 17 November 2015

⏱️ 24 minutes

🧾️ Download transcript

Summary

What’s more brutal than talking to your family about politics, sex and religion over the Holidays? Money! It’s not easy, but a few frank and honest conversations with your family members can result in a joyous New Year (and beyond). We'll explain what you should tackle and how to broach the subject of retirement and estate planning with your family members.

Transcript

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0:00.0

This is Molly Fulanswers. I'm Allison Southwick and I'm joined as always by Robert Brokamp,

0:07.8

personal finance expert and financial advisor. What's your designation again?

0:14.1

I'm a certified financial planner practitioner. How's that?

0:17.7

So that sounds... It's kind of impressive. I'm kind of a big deal. I am impressed.

0:23.2

Thank you. Ah, the holidays. It's a great opportunity to eat too much, drink too much, and have

0:29.9

awkward conversations with family members. But those conversations can be important and productive. So today

0:35.3

we're going to give you five conversation starters that will help you and your family members to get on better footing financially. Again,

0:41.7

these could be painful, but at least more productive than sitting through your uncle's

0:45.4

bourbon-fueled rants about, well, everything. We're also going to go on the hunt for

0:50.1

holiday traditions we can steal from other families. All that and more on this week's

0:53.9

episode of Motley Fool Answers. The holidays are upon us. I know this. I know this because

1:02.0

Starbucks tells me. That's how you know when the holidays are around is when you can look

1:06.3

at their menu or go into a store and there's just red stuff everywhere. It's very exciting.

1:10.0

So if you're

1:10.8

like us, you'll be traveling many miles to spend time with family, watching football games,

1:14.8

no one cares about, and eating nut-covered cheese balls. It's a fun time for everyone.

1:20.6

And when you're tired talking about religion, sex, and politics with your family, there's

1:25.5

even more awkward conversations you can have about

1:28.1

money. They're more important and probably less scarring.

1:32.3

Well, I don't know, because it could involve death, and that could be scarring.

1:36.3

Oh no, these conversations are definitely going to involve death.

1:39.3

Yeah.

...

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