Episode 451- Financial Caregiving, Family Conversations, and Planning Ahead with Beth Pinsker

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 5 November 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of Journey to Launch, I'm joined by Beth Pinsker, financial planning columnist for MarketWatch, Certified Financial Planner, and author of My Mother's Money: A Guide to Financial Caregiving. Beth shares her personal and professional insights on what it really takes to manage a loved one's finances and why preparing now can save you (and your family) heartache, time, and money later.

We talk about the realities of caregiving from setting up power of attorney and health care proxy forms, to navigating long-term care insurance and estate planning. Beth's own journey caring for her mom opened her eyes to how unprepared most of us are for this role and inspired her to create the guidebook she wishes she'd had.

In this episode, Beth also shares:

How to proactively start financial caregiving conversations with your parents or adult children even when it feels uncomfortable
The real cost of caregiving (and how to plan for it before it derails your financial goals)
How to handle sibling dynamics and avoid conflict when managing a parent's money
he importance of updating beneficiaries, wills, and trusts and why it's easier than most people think

Check out the video to this episode on YouTube here.

Other related blog posts/links mentioned in this episode:

Read Beth's book, My Mother's Money: A Guide to Financial Caregiving
Get your copy of Your Journey To Financial Freedom if you haven't already.
Apply to Share Your Journeyer Story, here.
Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here!
Join The Weekly Newsletter List to get updates, deals & more!
Leave Your Journey To Financial Freedom a review!
Get The Budget Bootcamp
Check out my personal website here.
Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!

Connect with Beth:

Website: BethPinsker.com
Instagram: @bethpinsker_ny
Bluesky: bethpinsker.bsky.social‬

Connect with me:

Transcript

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0:56.8	Terms and conditions apply. Hiring? Do it the right way with Indeed.
1:03.7	We're all working with the magic of compounding interest. And if you take a hit in any given year and your cash outflows go down,
1:14.1	then your growth is going to be impacted. And so you have to know what you're in for.
1:23.0	Welcome to the Journey to Launch podcast with your host, Jamila Sufran.
1:36.7	As a money expert who rocks her talk, she helps brave journeyers like you, get out of debt, save, invest, and build real well.
1:40.7	Join her on the journey to launch to financial freedom in... Five, four, three, two, one. Okay. If you want the episode, show notes, go to
1:51.9	com or click the description of wherever you're listening to this episode.
1:58.3	In the show notes, you'll get the transcribed version of the conversation, the links that we mentioned, and so you're listening to this episode, in the show notes, you'll get the transcribed version of
2:01.9	the conversation, the links that we mentioned, and so much more. Also, whether you are an OG journeyer
2:08.3	or brand new to the podcast, I've created a free Jumpstar guide to help you on your financial
2:14.2	freedom journey. It includes the top episodes to listen to stages to go through
2:18.5	to reach financial freedom, resources, and so much more. You can go to journey to launch.com
	...

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