Ep 247: How To Talk To Your Parents About Their Money

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 6 January 2021

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

When the time comes for us to support an elderly family member, finances are a big piece of the puzzle. But what does this mean for you, as a potential caregiver? You’ve got to start having discussions around money, retirement assets, and wills now — as in, today. We sit down with Cameron Huddleston, author of “Mom and Dad, We Need to Talk” for a step-by-step guide to the conversations we need to have. In Mailbag, we tackle questions on home sales, financially supporting our parents, and how best to invest and allocate non-retirement funds. In Thrive, we tackle winter’s productivity slump. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media Podcast.
0:04.0	Hi everyone, I'm Karen Finerman.
0:09.0	You may know me best from CMBC,
0:11.0	and I can't wait for you to join me for my new podcast,
0:14.3	How She Doesn't.
0:15.7	We dive into all things women, money, and power.
0:19.1	And our dynamic guests explore their
0:24.0	journey to the top.
0:25.0	and learn more at hermoney.com.
0:30.0	We all know how important it is to keep your eye on the money, and not just your own.
0:34.4	Stay on top of the latest financial and market news with Yahoo Finance,
0:38.4	a podcast that releases new episodes almost every day.
0:41.6	You'll hear a brief overview of the biggest news in the financial world,
0:45.0	all in three minutes or less, right after markets close.
0:48.2	Check out Yahoo Finance wherever you get your podcasts.
0:51.6	That's Yahoo Finance wherever you get your podcasts. That's Yahoo Finance wherever you get your podcasts.
0:58.4	Hey everybody, I'm Jean Chatsky. Thank you so much for joining me today on her money.
1:05.0	Over the last few months, we have heard Catherine and I from so many of our listeners
1:11.0	that you're caretaking responsibilities for both your kids and your older parents have just become
1:18.0	overwhelming and an incredible
1:21.0	39% almost four out of 10 women, are now considering reducing their hours at work or sometimes stepping out of the workforce entirely.
1:32.0	24% of them say they would be doing that to support an aging parent or another adult family member.
	...

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