Podcasts about have essential conversations

Send us a textOn this episode of The Get Ready Money Podcast, I was joined by Cameron Huddleston, author and Director of Education & Content at Carefull; Cathy Sikorski, author and speaker along with Neil Granger, Consultant and Expert to talk about changing the way we think about money and elder financial abuse. Here's what we discussed: Defining elder financial abuse and prevention tips.What is a trust mill?How to spot red flags. The importance of being proactive with your parents and communicating about frauds and scams. Adult children should pay attention to their parent's behavior.What to look for in an advisor. Bios:Cameron Huddleston:Cameron Huddleston is an award-winning personal finance journalist, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances and director of education and content at Carefull. She also is an award-winning journalist with nearly 20 years of experience writing about personal finance. Her work has appeared in Kiplinger's Personal Finance, Chicago Tribune, Forbes.com, MSN, Yahoo! and many more online and print publicationCathy Sikorski:Cathy Sikorski, Esq. a Speaker, Elder Lawyer, Author and Media Guest unravels the complex financial and legal problems in the caregiving crisis. Cathy uses her own caregiver experience and expertise to educate, entertain and elevate the conversation around work, money, aging and caregiving. In October 2021, Corner Office Books released her latest book 12 Conversations: How to Talk to Almost Anyone about Long-Term Care Planning. Neil GrangerNeil Granger has been in the financial services industry for more than 39 years. In addition to being a California Life Agent, he is also licensed as a Life and Disability Analyst-one of less than 40 in the state. Neil has spent most of his Insurance career as an independent agent in the area life, health, disability and Long Term Care insurance sales, working with individuals and small businesses. Since 2009, Neil has focused his practice on Consulting and Expert work in the area of Elder Financial Abuse prevention.  Neil has worked with several District Attorney Offices as a member of their Financial Abuse Specialist Teams, has testified in both Criminal and Civil cases, and works with the Investigative Unit of the California Department of Insurance. Neil has also helped draft, and has testified in favor of, insurance legislation, which has helped strengthen financial protection for California Seniors. He recently stepped down from the California Department of Insurance Curriculum Board after 12 years of membership- 6 years as its Chairman.Connect with Cameron Huddleston: WebsiteLinkedInX/TwitterFacebookInstagramConnect with Cathy Sikorski:WebsiteLinkedInTikTokConnect with Neil Granger:WebsiteLinkedInSupport the show

Having a conversation about finances with our aging parents can be challenging, but it doesn't always have to be. However, it's important that we have these conversations, ensuring that they have financial security and peace of mind.   My guest today is Cameron Huddleston. She is an author, speaker, and award-winning journalist with more than 20 years of experience writing about personal finance. At the age of 35, Cameron stepped into the caregiving role for her mom who was diagnosed with Alzheimer's. This inspired her to write the book "Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances". She realized how important it was to have money talks with our loved ones before an emergency or health issue arises. She helps families break the taboo of talking about money, and she brings all of her knowledge as the role of Director of Education and Content for Carefull, the financial safety service, to help protect aging adults' daily finances.   Today, we talk about why this conversation is so intimidating, how many people avoid having this conversation, and understanding why our parents and loved ones are reluctant to go there to talk about finances. We also discuss the cost if we wait and don't plan ahead, how we can get our siblings involved, how we can be set up for success and prepared for these important dialogues, what not to say, how we can initiate conversation in a positive way, plan for the future cost of long-term care, and how we want an agent in place and what documents are important to put in place. We also discuss what we can do if Mom or Dad can't pay for care or medical bills and what resources are available to us to help our parents age well. Lastly, we talk about how we can pay it forward and start talking to our kids. This is the greatest gift we can give our loved ones - to have all of our financial and legal documents in place. Thank you, Cameron, for the insightful conversation!     Learn more at cameronhuddleston.com &  www.getcarefull.com     *This episode is brought to you by Gigi Betty co. A boutique gift shop raising awareness and funds for caregivers and care partners. Show now at www.gigibettyco.com. Use the special code WILLGATHER20 for 20% off your order- Just for our podcast listeners!     We are not medical professionals and are not providing any medical advice. If you have any medical questions, we recommend that you talk with a medical professional of your choice. willGather has taken care in selecting its speakers but the opinions of our speakers are theirs alone. Thank you for your continued interest in our podcasts.   Please follow for updates, rate & review!   For more information about our guest, podcast & sponsorship opportunities, visit www.willgatherpodcast.com   Instagram: @willgather Facebook: WillGather   Nicole Will is our host and founder of willGather.

Cameron Huddleston, the author of the book Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, joins Lisa Dent to discuss 6 things you should ask your parents before they retire, and why it’s important to ask those questions. Follow The Lisa Dent Show on Twitter:Follow […]

This week we replay a YFP Podcast Classic. Suze Orman, #1 New York Times bestselling author on personal finance with over 25 million books in circulation, joins Tim Ulbrich on today's episode. They talk about her most recent book Women & Money: Be Strong, Be Smart, Be Secure and the advice Suze has for pharmacy professionals feeling overwhelmed with their student loan debt and managing their financial plan.  Links Mentioned in Today's Episode YFP 109: An Interview with Suze Orman Suze Orman Women & Money: Be Strong, Be Smart, Be Secure by Suze Orman  Women and Money Podcast YFP 108: How to Effectively Talk with Mom & Dad About Their Finances w/ Cameron Huddleston Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston  Suze Orman Must Have Documents Offer Email Suze Orman: asksuzepodcast@gmail.com Your Financial Pharmacist Disclaimer and Disclosures

Cameron Huddleston answers audience questions about how to talk to your parents about their finances.Show NotesMom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their FinancesNational Foundation for Credit CounselingWhat You Need to Know About Long-Term CareHow to Pay for Long-Term CareBogleheads® Live: Episode 1John C. Bogle Center for Financial LiteracyBogleheads® ForumBogleheads® WikiBogleheads® RedditBogleheads® FacebookBogleheads® TwitterBogleheads® on Investing podcastBogleheads® YouTube Bogleheads® Local ChaptersBogleheads® Virtual Online ChaptersBogleheads® on Investing PodcastBogleheads® ConferencesBogleheads® BooksThe John C. Bogle Center for Financial Literacy is a 501(c)3 nonprofit organization. At Boglecenter.net, your tax-deductible donations are greatly appreciated. 

9% of people surveyed said that they would rather talk to their parents about sex versus their personal finances. Why is talking to our parents about money so scary and what can we do to get that conversation started? Author of Mom and Dad, We Need to Talk, Cameron Huddleston joins me to answer this question. Connect with Cameron Instagram | Twitter | Blog | Website Links Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances Join Me on YouTube! https://www.youtube.com/c/PopcornFinance Want to submit a question to the show? Send an email to questions@popcornfinance.com Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259 Connect with me Instagram | Twitter | Facebook | YouTube Thank you for listening to today's episode. If you enjoyed it, I'd be grateful for your rating and review! Music from Uppbeat (free for Creators!)

Tim Baker talks through the unique financial needs and considerations of Generation X. Key Points From This Episode An introduction to today's topic of Gen X; the sandwich generation. How Gen Xers are often providing for their parents, plus a young child or a child over 18. How these financial expectations are often overlooked or pushed to the side.  We talk about average incomes, the rising cost of education, and what their debt load is.  The impact of the ups and downs in the last few years on their financial mindsets.   How Gen X wants stability but might not have the financial plan or means to get it.  You can take out education loans for your kids, you can't get retirement loans. Hear how Tim Baker follows the one-third plan and a reminder of what that is. Relying on the act of planning, versus having a plan.  Some important questions Gen Xers can ask themselves to get financially stable.  Making sure you're not on autopilot, particularly in your peak earning years. Tackling the fear and inertia of having left it so late in life to start saving and planning. Having empathy for Gen X needing different priorities from the previous generation.  That Gen X really wasn't dealt a great hand economically, but the problems are fixable.  Reigniting the vision and finding the motivation to do things differently.  Speaking about the lack of confidence in social security for future retirement.  Tim shares a great exercise you can do to check your retirement age and benefits! We discuss the shifting dynamics of generations and the transfer of wealth. Some parting words of encouragement from us here at the YFP team! Links Mentioned in Today's Episode Create a Comprehensive Estate Plan with Thoughtful Wills The Your Financial Pharmacist Podcast YFP Planning: Financial Planning for Pharmacists Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston YFP 108: How to Effectively Talk with Mom & Dad About Their Finances YFP 195: How to Save for Your Child's Education 5 Interesting Facts About Generation X: Financial burdens, obligations make saving challenging by Lynnette Khalfani-Cox Meet the typical Gen Xer, America's 'forgotten middle child' who earns more than everyone else but has the most debt at $136,000 by Hillary Hoffower and Andy Kiersz For Gen X, retirement both beckons and threatens during the pandemic by Mark Dolliver Focus on Generation X, Analysis of Gen X participants reveals important considerations for plan sponsors and advisors Social Security Benefits Calculators Your Financial Pharmacist Disclaimer and Disclosures

Former financial advisor turned podcast host Joe Saul-Sehy joins Chris to discuss modern money management. They talk about why you should abandon trendy investment opportunities and what you should replace them with, why your wealth can grow faster if you don't diversify your investments, and how emergency funds can save you money. They also share plenty of tax and investing hacks. Joe Saul-Sehy (@averagejoemoney) is the creator and host of the award-winning podcast Stacking Benjamins and a co-host of the Money with Friends podcast. He is the co-author of the newly published book Stacked: Your Super-Serious Guide to Modern Money Management.  Joe's career in media started when he was The Money Man on Detroit's local TV station WXYZ. Previously, he was a financial planner and Certified Financial Planner™ for over 15 years.  Full show notes at: https://allthehacks.com/stacking-benjamins-joe-saul-sehy Selected Links From The EpisodeConnect with Joe Saul-Sehy: Website | Twitter | LinkedInJoe's Podcasts: Stacking Benjamins | Money with FriendsJoe's Book: Stacked: Your Super-Serious Guide to Modern Money ManagementOther Books Mentioned:The 7 Habits of Highly Effective PeopleMom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their FinancesInvestopedia: Modern Portfolio Theory | Efficient FrontierMaximizing Deductible Interest Expense Articles: SVB | Andersen Full Show NotesWho is Joe Saul-Sehy? [00:12]Why he decided to write a book (and how it all started with The Hardy Boys' Detective Handbook). [02:14]Why you should narrow investment opportunities to make sound financial decisions. [09:21]Where you can find investment opportunities aligned with your goals (stock market alternatives). [14:26]2 Red flags to look out for when evaluating investment opportunities.[19:24]The upsides to making boring investments like farmland. [21:24]Why you get wealthier faster if you DON'T diversify. [24:37]Should you hire a financial advisor (the stories of Walt Disney and Mary Barra). [29:54]Questions to ask before hiring an advisor. [34:21]What most people don't optimize enough. [35:42]How an emergency fund can SAVE you money. [36:37]Do you need disability insurance? [42:55]Joe's experience filing a homeowner's claim after a robbery. [46:07]What you need to know about taxes as a new investor (and how you can qualify for preferential tax treatment). [50:20]How to financially support your aging parents. [55:02]Should you use leverage? [59:23]How to connect with Joe Saul-Sehy. [1:07:59] SponsorsThis episode is brought to you by Masterworks. Masterworks is an alternative investing platform that gives you access to one of the most exclusive and overlooked investments in history: blue-chip art. Masterworks lets regular people invest in paintings by legends like Banksy Basquiat and Warhol without spending millions. In fact, I used masterworks to invest in a 15 million dollar Picasso the other day. Here's how it works: Masterworks will buy a painting they think will appreciate well over time, then they securitize that painting with the SEC, so you can invest in it instead of buying the whole thing. Once they sell the painting, later on, you get your share of the proceeds. It's that simple. In 2020 and 2021, masterworks sold two paintings that appreciated by over 30%. They have over 280,000 users and demand is as high as ever. But I partnered with them to give you all priority access by going to https://allthehacks.com/masterworks (see important disclosures at masterworks.io/disclaimer). This episode is also brought to you by BlockFi. BlockFi is the company I use to store all my crypto and I think they provide huge value because. Whether you buy your crypto with them or transfer in what you already have, you can start earning interest on all of it, which is a great way to earn some passive income with almost no effort. And that also includes stable coins based in us dollars where you can earn 9% without having your savings fluctuate with the crypto markets. This is where I store the cash I used to keep at a high yield savings account. Since opening my account, I've already earned thousands of dollars of interest.BlockFi also has a rewards credit card that instead of earning points or miles gives you Bitcoin back on every purchase you make offering 3.5% back in the first three months and 1.5% percent back after that. If you want to check out BlockFi, you can get an exclusive bonus of up to $250 free when you sign at https://allthehacks.com/blockfi. Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn

What happens when you or a loved one passes away without a will? This weeks' guest, a 26-year-old based in Texas, found out when his mother passed away a few years ago. So far, he's spent over $15,000 of his own money, depleting his savings, and borrowing against his 401(k), to settle the estate--and it looks like he'll have to spend tens of thousands more to complete the process. For advice, host Stefanie O'Connell Rodriguez turned to Cameron Huddleston, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. If you have a money story or question to share, you can send us an email at money.confidential@realsimple.com. You can also leave us a voicemail at ‪(929) 352-4106. Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever watched a talk show or listened to a podcast and thought you had the answers to what was being discussed, but then the host brings out an expert? As the expert gives their expert opinion, you are shouting, THAT'S WHAT I SAID as you shake your head back and forth in agreement with the expert. Have you ever wondered how these people became an expert on that subject? Did they have to go to school to become an expert, or were they able to turn what they know into what they do? In this episode, Sarah Li Cain had a heartfelt conversation with award-winning personal finance journalist Cameron Huddleston and author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Cameron shared how she had a pivotal moment in her personal life in becoming her mother's caregiver, how writing a book turned her into a subject matter expert, and how she leverages that into other business opportunities. Episode highlights Cameron discusses how she managed writing and taking care of her mother. How Cameron expanded her idea on writing her book How to turn your life story into a book, including how to create a successful proposal For more information, visit the show notes at https://plutusfoundation.org/2021/book-deal

Cameron Huddleston, award winning journalist and author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances joins Tim Ulbrich to talk about five key financial lessons to teach your kids. Mentioned on the Show The Pharmacist’s Guide to Conquering Student Loans by Tim Church, PharmD Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston CameronHuddleston.com YFP 108: How to Effectively Talk with Mom and Dad About Their Finances What I Teach My Kids About Money by Cameron Huddleston YFP Planning The Compound Effect by Darren Hardy Email Cameron Huddleston: Cameron@CameronHuddleston.com Follow Cameron on Instagram (@cameronkhuddleston) Follow Cameron on Twitter (@CHLebedinksy)

Most of us would rather have "the sex talk" with our kids than talk to our own parents about their finances. Talking about money can feel awkward, prying, and uncomfortable. But “the money talk” is a conversation every adult needs to have with their parents. And the sooner the better, says Cameron Huddleston. She’s an award-winning journalist with nearly two decades of experience writing about personal finance and author of the book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Cameron joins us to share advice on how to get the conversation started with your parents, even if they – and your siblings – are reluctant to talk about it. She shares the documents and information you’ll need in order to plan for a future that will keep the headaches and heartaches of estate planning to a minimum. Listen to this episode to learn: -The legal documents that your parents should have in place, including wills, power of attorney, and advance health care directives -Why you need to discuss finances and estate planning early, when your parents are of sound body and mind -How COVID-19 has changed the way we approach this conversation with our parents -Essential information you parents should write down for you – like social security and driver’s license numbers, bank and retirement account information, and more -How to involve siblings and step-siblings in having these conversations, especially if one is being difficult or stubborn -How to talk to your kids about money so that they grow up feeling comfortable having “the money talk” with you someday For more information, visit www.cameronhuddleston.com.

Odkaz na celý díl: https://teoriepenez.cz/rozhovory/cameron-huddleston-proc-mluvit-s-rodici-o-jejich-financich-vcas/ Nyní do našeho pořadu přijala pozvání Cameron Huddleston - uznávaná novinářka a také autorka knihy Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Bavili jsme se o tom, jak plánovat a komunikovat s rodiči i dětmi společné finance. Jak začít? Čemu se vyhnout, a případně jak to má Cameron Huddleston ve své domácnosti? To vše se dozvíte v dnešním podcastu. Ti z vás, kteří neovládají angličtinu, si mohou přečíst hlavní myšlenky v tomto přepisu. Na co jsme se zeptali:

Is there a case for tying chores to allowance? If so, then Cameron Huddleston will make it. Cameron is an award-winning journalist with more than 18 years of experience writing about personal finance. Her work has appeared in and on Kiplinger's Personal Finance, Business Insider, Chicago Tribune, Forbes, MSN, Yahoo and many more print and online publications. She also is a mom of three and is married to an economist.   During this episode, Cameron and I address not only the great allowance and chore debate but also the taboo nature of financial conversations and how to help parents feel comfortable talking with their children about money. We also discuss how "adult kids" can open up a dialogue with their parents about finances and possessions, the subject of Cameron's new book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Cameron's case for linking chores and allowance underscores the varying viewpoints I like to feature on this podcast and highlights the need for parents to craft their own Art of Allowance based on multiple perspectives and their family's values.

This is the second episode in a two-part mini series on money in our relationships, today exploring money and family (most especially parents), AND it’s the last full episode of season 4. Before we dive in to talk about family, we’re talking about the coronavirus pandemic (COVID-19) and the stock markets crashing, because they’re way too important not to discuss, including steps to take with your money and how to make sure you prioritize self care at a time that feels completely chaotic, especially for women. Our guests to talk about navigating financial family relationships are Cameron Huddleston, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, and Revanche, author of the blog A Gai Shan Life. They both share advice and stories of navigating tricky money relationships as women, both positive and negative, and looking out for yourself in the process. Be sure to subscribe so you don’t miss our season 4 wrap-up episode and any bonus or mini-series episodes we drop, as well as our season 5 premiere when it’s time. Thanks for being a part of The Fairer Cents community. Stay rad!   Links from the show: BuzzFeed debunking coronavirus myths Cameron Huddleston’s book Cameron’s Twitter Revanche’s blog, A Gai Shan Life Revanche’s Twitter Revanche’s blog posts on cutting off her dad

Welcome to Ask a YFP CFP®, a new segment of the Your Financial Pharmacist Podcast! On today's show Tim Baker, CFP®, takes this question from Maria: What advice do you have for first-generation college students who want to build wealth but also have families that depend on them to contribute financially?  Mentioned on the Show: YFP Planning AACP Graduating Student Survey: 2019 National Report YFP 108: How to Effectively Talk With Mom and Dad About Their Finances with Cameron Huddleston Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston Send in your questions here or to info@yourfinancialpharmacist.com Disclaimer: This podcast is intended for educational purposes and should not be considered financial or investment advice as we do not know all the variables to one's personal situation when answering a question.

Don't put off having the money talk with your parents any longer. But you don't have to figure it out on your own. Tune in to this week's episode to learn why you need to be having these conversations and how to have them.--Cameron Huddleston is the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations With Your Parents About Their Finances. She also is an award-winning journalist with more than 17 years of experience writing about personal finance.Related Links:Cameron's book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their FinancesCameron's WebsiteFree resources--To learn more about Maggie and her coaching and speaking services, visit www.maggiegermano.com.To get more involved with Money Circle:Join the free Facebook groupCome to an in-person event in DCSign up for the virtual membership programThe theme music is called Escaping Light by Aaron Sprinkle. The podcast artwork design is by Maggie’s dear husband, Dan Rader.

Have you had the "talk" with your parents? No, we're not talking about a reverse 'birds and the bees' conversation - we're talking about finances. Here's why: A survey from Fidelity Investments found:69 percent of parents expect one of their children will manage their finances in retirement, but more than one-third of children who are expected to fill this role didn't know this.72 percent of parents expect one of their children to be their caregiver if necessary, but 40 percent of children identified as filling this role didn't know this.92 percent of parents expect one of their children to be the executor of their estate when they die, but more than a quarter of kids who are expected to fill this role didn't know this.Joining us on the show is financial journalist Cameron Huddleston, who recently authored a book on this very topic: Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.Cameron joins us on the show to not only educate the Talk Wealth To Me crew on why it's important to have conversations with your aging parents ASAP on whether they expect you to play an active role in their financial lives or help care for them. Cameron also shares tips on how to bring up this conversation with your siblings and your parents, as well as why it's better to have this conversation with your parents while you can, instead of waiting until it's too late.About Cameron Huddleston Cameron Huddleston is an award-winning journalist with more than 17 years of experience writing about personal finance and the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.To learn more about Cameron, visit her website or connect with her on Twitter.To access resources Cameron mentions during the show, please visit her website here.About the ShowComments, questions or suggestions for the show? Email us at talkwealthpodcast@gmail.com.To learn more about DebtWave Credit Counseling, visit our website or connect with us on Facebook, Twitter, Instagram, and LinkedIn.To learn more about the San Diego Financial Literacy Center, visit our website or connect with us on Facebook and Twitter.Support the show (https://www.sdflc.org/help-sdflc/donate/)

A 2010 Met Life study comparing LGBT baby boomers with their straight counterparts found that the queer respondents were more likely to serve as caregivers to family and friends than their straight peers. Because those of us in the LGBTQ community are less likely to have children, our siblings may assume that we’ll be the ones to take care of our aging parents when the time comes. This is a huge responsibility, and it goes beyond providing physical and emotional support. Do your parents have their legal and financial matters in order? And how do you find out without offending anyone? Cameron Huddleston is an award-winning journalist with 17-plus years of experience writing about personal finance. She has been featured in Kiplinger, Business Insider and Fortune, among many other media outlets. Cameron is also the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances and a regular columnist for GOBankingRates. On this episode of Queer Money®, Cameron joins us to discuss why it’s so difficult to talk to our parents about money and offer ideas on how to initiate the difficult conversation. She walks us through the right questions to ask, explaining how it might impact us if our parents don’t have a plan for long-term care. Listen in to understand how Cameron’s personal experience inspired her to write the book and get her expert advice around how to help your parents plan for the future—without making them too uncomfortable!

According to a survey by GOBankingRates, 73% of adult children haven’t had the money talk with their aging parents. This isn’t completely surprising considering that the “Silent Generation” felt it was too risky to speak out. They grew up in financially insecure times with the collapse of the market and war. They were also considered the “The Lucky Few” because they entered the prosperous times of the 1950s and 1960s, which rebuilt the nation. They also retired relatively early taking both a pension(s) and Social Security. Then came their children, the “Boomers” who coined the phrase “Midlife Crisis” and kept the prosperity going. When it comes time to pass the baton, will the Silent Generation be willing to share their financial story with their children who are entering their retirement years in droves? We are going to share excerpts from the book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, by Cameron Huddleston, and the article by Kiplinger, “10 Ways to Talk to Your Aging Parents About Their Finances.” You can plan in a panic or plan ahead – we opt for the latter choice.

In this week’s episode of the Journey to Launch podcast we have Kenishia Mais, a Jamaican entrepreneur, Financial Educator and the visionary who founded ThrivingDollars. Kenishia was always a good saver. She started saving her lunch money in school & kept this habit into adulthood. But when she became the person her parents and other family members came to when they needed money, the pressure of being the family bank was overwhelming. It drove her to abandon her money habits and become a big spender so she wouldn’t have money when her family asked for a loan.  Listen to this episode to learn how Kenishia turned her life and finances around. She became a self-taught investor at age 21 and is now a financial educator spreading the financial gospel to others through her blog and business, ThrivingDollars.  In this episode you will learn: How to manage the burden of being your family’s bank Tips to empower family members to solve their own money problems Differences between investing in the United States and Jamaica Ways to invest in retirement and brokerage accounts plus so much more  Other related blog posts/links mentioned in this episode: Check out Rich Dad Poor Dad by Robert Kiyosaki, a financial literacy classic Keneisha mentions in her interview.  If you want to hear the beginning of this series check out episode 117 featuring Cameron Huddleston, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.   Sign up to the Money Launch Club waitlist to be the first to be notified before anyone else when the doors open. The Money Launch Club is the membership community for Journeyers just like you looking to take their finances and life to the next level. Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with Kenishia Mais: Website Instagram:@ThrivingDollars Personal Instagram:@KenishiaMais Twitter:@ThrivingDollars Personal Twitter:@KenishiaMais Facebook: @ThrivingDollars Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group Become a member of the Money Launch Club

This week, Journey to Launch’s podcast episode continues the conversation on generational wealth and talking with your family about finances. In this episode, we have a dynamic father and daughter duo, Duane and Taylor Davis of Davis Generational Wealth Education Initiative, Inc. Duane and Taylor have a passion for financial literacy and inspire families and communities to have intergenerational financial conversations.  Finances should be fun and inclusive of the entire family. Listen to this episode to learn how to spark money conversations in your family so together you can build generational wealth and develop strong money habits.  In this episode you will learn: How to have intergenerational financial talks with your family  The importance of estate planning and trusts Tips to help parents talk to their kids about money What is “coaching up” and how kids can talk to their parents about money The impact of the “Black Tax” and how to respond when family ask for money Ways to preserve generational wealth so it lasts Other related blog posts/links mentioned in this episode: If you want to hear the beginning of this series check out episode 117 featuring Cameron Huddleston, author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.   Sign up to the Money Launch Club waitlist to be the first to be notified before anyone else when the doors open. The Money Launch Club is the membership community for Journeyers just like you looking to take their finances and life to the next level. Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with Duane & Taylor Davis: Website Instagram:@DavisGenerationalWealth Twitter:@DavisGenWealth Facebook: @DavisGenWealth Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group Become a member of the Money Launch Club

This week Journey to Launch’s podcast episode features award-winning journalist and author, Cameron Huddleston. With over 17 years of experience writing about personal finance, Cameron recently combined her knowledge and personal experiences in her book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. In this episode, Cameron breaks down how to have difficult financial conversations with your parents. Listen to episode 117 to learn how to get your parents’ affairs in order before it’s too late.  In this episode you will learn: How to talk to your parents about their finances The basics of estate planning and what to do first What questions to ask your parents during “the talk” The importance of setting expectations for you and your parents as they age How to prepare your parents for retirement and long term care Tips in case you need to add your parents to your financial plan Other related blog posts/links mentioned in this episode: Check out Cameron’s book, Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances For tools on how to help your parents get organized or identify scams check out Cameron’s resources Sign up to the Money Launch Club waitlist to be the first to be notified before anyone else when the doors open. The Money Launch Club is the membership community for Journeyers just like you looking to take their finances and life to the next level. Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with Cameron Huddleston: Website Instagram:@Clebedinsky Twitter:@CHLebedinsky Facebook: @CameronHuddlestonMoneyExpert Connect with me: Instagram: @journeytolaunch Twitter: @JourneyToLaunch Facebook: Journey To Launch Join the private Facebook Group Become a member of the Journeyer Launch Club

As your parents age, you may find that you want or need to broach the often-difficult subject of finances. In Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances, personal finance journalist Cameron Huddleston lays out the best ways to approach this issue, along with a wealth of financial and legal information that will help you help your parents into and through their golden years. Sometimes parents are reluctant to address money matters with their adult children, and topics such as long-term care, retirement savings (or lack thereof), and end-of-life planning can be particularly touchy.  In this book, you’ll hear from others in similar positions who have successfully had “the talk” with their parents, and you’ll read about a variety of conversation strategies that can make talking finances more comfortable and more productive.Learn conversation starters and strategies to open the lines of communication about your parents’ financesDiscover the essential financial and legal information you should gather from your parents to be prepared for the futureGain insight from others’ stories of successfully talking money with aging parentsGather the courage, hope, and motivation you need to broach difficult subjects such as care facilities and end-of-life plans Although talking money with your parents can be hard, you aren’t alone, and this book will guide you through the process of having fruitful financial conversations that lead to meaningful action. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. Connect with me at these places for all my content: https://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50 "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

#208: Well, this could get awkward. Your parents and grandparents are aging. (Duh.) You want to have a few important financial conversations with them. It’s time to get the answers to questions like: “So … are you ready for retirement?” “You’ve been retired for 10 years … how’s that going? How are your finances looking?” “Do you have a will or legal trust? What’s your estate plan situation?” “Do you have an advance health care directive?” “To whom have you given your power of attorney?” “What types of accounts do you have, and how can I -- or someone whom you designate --  access the passwords if and when the appropriate time comes?” These financial conversations are important, but awkward. Most people would rather discuss the news, the weather, or the Kardashians.  How do you introduce these conversations to your family? What specific topics should you cover? What documents and other information should you gather? How do you manage these conversations when siblings, half-siblings and step-siblings are involved? What about step-parents? What if your parent lives outside of the U.S. and the laws are different; how should you plan? In today’s podcast episode, award-winning personal finance journalist Cameron Huddleston discusses these critical issues.  Huddleston has spent nearly two decades writing about money for Kiplinger Personal Finance, the Chicago Tribune, Fortune, USA Today, MSN and more. She’s the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.  She joins us to discuss how to navigate these tricky family conversations. For more information, visit the show notes at https://affordanything.com/208

Dr. Brent Rollins, a pharmacy graduate of Ohio Northern who obtained his PhD in Pharmacy Administration at the University of Georgia and currently serves as a faculty member at Philadelphia College of Osteopathic Medicine, joins Tim Ulbrich on the show. They discuss Brent’s personal finance journey, why he cares so much about the importance of educating students on this topic, his unique side hustles in serving as an expert witness and covering professional football, and how he is teaching his 3 kids about personal finance. Mentioned on the Show Policygenius Rx Radio: Episode 71: Cancel Student Debt??? YFP 098: Lifestyle Creep: The #1 Threat to Growing Your Net Worth  Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston YFP 108: How to Effectively talk with Mom and Dad About Their Finances w/ Cameron Huddleston Pro Football Focus Automatic Millionaire: A Powerful One Step Plan to Live and Finish Rich by David Bach YFP 057: The Power of Automating Your Financial Plan

Suze Orman, a #1 New York Times bestselling author on personal finance with over 25 million books in circulation, joins Tim Ulbrich on today’s episode. They talk about her most recent book Women & Money: Be Strong. Be Smart. Be Secure and the advice Suze has for pharmacy professionals feeling overwhelmed with their student loan debt and managing their financial plan.  Mentioned on the Show Refinance Student Loans Suze Orman Women & Money: Be Strong, Be Smart, Be Secure by Suze Orman  Women and Money Podcast YFP 108: How to Effectively Talk with Mom & Dad About Their Finances w/ Cameron Huddleston Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston  Suze Orman Must Have Documents Offer Email Suze Orman: asksuzepodcast@gmail.com

Cameron Huddleston, an award winning journalist with more than 15 years experience writing about personal finance, joins Tim Ulbrich on this week’s show. Cameron and Tim talk about her recently released book Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. Cameron discusses why it is important to have these conversations with your parents, how to start the conversation and what to do if your parents are reluctant to talk.  Mentioned on the Show Policy Genius Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston (Amazon) Cameron Huddleston Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances by Cameron Huddleston (Barnes and Noble) Cameron Huddleston on Facebook Cameron Huddleston on Twitter

On this edition of the Book Club, Cameron Huddleston, columnist at GoBankingRates joins us to about her book “Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.” Listen to learn about the conversations she’s hoping to help people have, build as well as her advice to readers and what she’s hoping you’ll get out of the book! For a copy of Mom and Dad, We Need to Talk, click HERE You can learn more about Cameron at CameronHuddleston.com, Twitter, Facebook and LinkedIn. If you’d like to take part in the our discussion group, you can learn about it it here as well as MoneyAlignmentAcademy.com. Interested in starting your own podcast?  Click HERE Please subscribe to the show however you’re listening, leave a review and share it with someone who appreciates good ideas. You can learn more about the show at GeorgeGrombacher.com, Twitter, LinkedIn, Instagram and Facebook or contact George at Contact@GeorgeGrombacher.com.  Check out Money Alignment Academy as well!

Bobbi reveals her favorite new money related books, and how to decide if they are right for you. This month’s picks include “Mom and Dad We Need to Talk. How to Have Essential Conversations with Your Parents About Their Finances” by Cameron Huddleston, “Clever Girl Finance: Ditch Debt, Save Money, and Build Real Wealth” by Bola Sokunbi and “Agent of Influence How to use Spy Skills to Sell Anything and Build a Successful Business” by Jason Hanson” For more information, visit the show notes at https://www.bobbirebell.com/podcast/july2019books Have you tried Blinkist? Read or listen to entire books in about 15 minutes - kind of like this podcast - with the Blinkist App. Try it for free and support this show by going to http://bobbirebell.com/blinkist

In Ep. 76, Tim interviews award-winning financial journalist and author Cameron Huddleston.  They discuss Cameron's new book "Mom & Dad: We Need to Talk - How to Have Essential Conversations with Your Parents About Their Finances".  Cameron offers some useful conversation starters, things NOT to say, and more.  They also discuss why it's important to have everything in place BEFORE things take a turn for the worst.

In this episode, we discuss: Why divorced women should talk to their parents about their parents’ finances How to start the conversation and what to gather   Rhonda:               All right. I am so excited to be able to interview today, Cameron Huddleston. She is the author of Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. She is an award-winning personal finance journalist, and life and money columnist for GoBankingRates. So, thank you so much for joining us today. Cameron H.:        Thank you so much for having me on your show. Rhonda:               So, this is a topic that anybody who's had any conversation with me or seen some of the things that we've been doing here at the Women's Financial Wellness Center, I have been a champion for having the conversation with our parents about money. Some might think, "Okay, Rhonda. Well, I thought this was a podcast about women going through divorce." Yes, it is. You're in the right place. But I also feel like as women are going through these challenges, we know that most of our clients are 45 to 65, and that also means that their parents are aging. Rhonda:               So, it's not uncommon for them to be dealing with a divorce, and yet trying to help mom and dad navigate through their personal aspect related to finances. So, I am so excited to be able to dive into this topic. Let's start with, first, the why. So, we're going to talk about the why, the how, and the what. So why should divorced women talk to their parents about the parents' finances? Cameron H.:        Obviously, everyone should be having these conversations, but I really do think women, in particular, and that includes divorced women, absolutely must have these conversations because women are much more likely than men to become caregivers for their parents. I mean, more than half of caregivers are women. And so, this can impact your finances big time. Rhonda:               Yes, absolutely. Cameron H.:        Big time because most people do not have any sort of long-term care plan. They don't have long-term care insurance. And if they don't have that, then they often don't have any other way to pay for long-term care. So that means their children are their long-term care plan. And as a woman, you are most likely going to be that caregiver, that long-term care plan for your parents. You want to know this before you're in a situation where you have to step in and start providing care because, like I said, this will impact your finances. Cameron H.:        Being a caregiver is a full-time job. I know this because my mother has Alzheimer's. She was diagnosed 10 years ago when I was 35 and she was 65. I had young kids at the time. I still had a child in diapers at the time. I always thought my mother was going to be there for me to help me with my kids. But the roles were flipped entirely. I had to step in and start helping her with her finances, and then help provide care for her. She lived with us for a little while. And then it got to the point where it was too hard for me to juggle caring for my mom and for my kids. Even with the help, even with a hired helper, it was still too much. Cameron H.:        Fortunately, we had some conversations and I knew ... Obviously, we had conversations because I had to get her in to meet with an attorney to get her legal documents updated so I could legally step in and start managing her finances for her. And this is so, so important. This is one of the key reasons why you must have these conversations because you have to be mentally competent to sign a will, or living trust, a power of attorney, and advanced healthcare directive. And so, if you wait until mom and dad are already having health issues, it can be too late. Cameron H.:        And just for people who don't know, people are pretty aware of what a will does. But a power of attorney lets you name someone to make financial decisions for you if you no longer can, and the advance healthcare directive lets you name someone to make healthcare decisions for you, and also spells out that end of life care you want like whether you want to be on life support. And so, I did this with my mother in the very, very early stages of her dementia when she was still competent enough. If I had not done this, I would not have been able to step in and start managing her finances for her without going through very expensive and lengthy court proceedings to be named her conservator. So, we had done these things. Cameron H.:        But like I said, as I stepped in and started caring for her, it was difficult. Finances aside, emotionally it was difficult, and it was too much of a tug of war on me. And I really wish I had had conversations with my mother before she started having issues. Because once we were already there, we weren't talking about hypotheticals. We were in the thick of it. And of course, she was having memory issues. So those conversations weren't easy. If we had had them earlier and I had said, "Mom, let's figure out what sort of long-term care you would want if you ever need it," just would've been so much easier if we had had those conversations in advance. Rhonda:               Right. Absolutely. Well, and I'm also thinking one of the things that I did and having that conversation with my parents was I set up my birthday as a deadline. Like, "Hey, I need to have this conversation before ..." We'll just take a date, my 39th birthday. And you're like, "Oh, I really don't want to have this conversation." And I know you talk about this in the book like, "Well, what if the fear? What if they think I'm trying to skew the results, or influence their decision making, or whatever?" Rhonda:               I had a good friend who at the time was into the death care industry. So, she owned a cemetery. She's like, "Rhonda, you know this is important." I'm like, "I know. And I know that I encourage other people to have these conversations, so I know that I have to do it." And so, I set my birthday, which is April 6th, as the deadline. Well, only as good friends do, she called me on April 5th and said, "Have you had the conversation?" And I said, "No, but I have 24 hours yet." Rhonda:               I did end up calling my parents and having that conversation. And it's one of those where you're like, "Women are often the ones we've got an initiate," right? And I know you talk about this in your book and we'll get into a little bit like, okay, well how do you even start the conversation? And I was like, "Well, I'm going to start by saying here are my wishes. By the way, what are yours?" And it opened the doors, and then you're like, "Okay, well we can check that off the list for now. We'll revisit it later." But at least we were able to start having those conversations. Rhonda:               One of the other things that you said that I think is important is it can impact us as women, our financial situation if our parents haven't planned. And not only when they're alive, but also in planning their end of life expenses as well. Because I always say, you can only pass the hat around so many times at the funeral. Somebody's got to write a check, right? And so, that somebody would be the next of kin, aka … us. Cameron H.:        Right. Right. Rhonda:               And they don't wait. I mean, the funeral homes do not do payment plans. So, it is at the time of service that somebody needs to pay. So, there are lots of phases to that that could really impact your finances as well. Cameron H.:        Certainly, because you will have to be involved in your parents' finances one way or the other. Maybe your parents will never need you to care for them. Maybe they will never need you to help them out financially as they age. But like you said, I mean, we all die. If your parents have not planned for that, and maybe they don't have money to pay for their funeral, maybe they don't have a will, it will impact you. I mean, it will impact you even if they have plan because you're going to have to get in there and sort everything out if you've been named the executor of their will, or maybe you and your siblings have to do it together. Cameron H.:        But if they don't have a will, it can lead to fighting if they don't have any finances, nothing set. If they don't have any money set aside to pay for their funeral, then yes, they're going to be passing the hat around you and your siblings, or if it's just you, someone's going to have to pay for it. Rhonda:               Yeah, absolutely. And I think that's ... It's hard to have those conversations or start the conversations. But you don't want to be in that spot where you wish should've, could've, would've had, something as simple as making sure that you're on the same page. And I think too, the power of attorney role, like, "Oh, this is a really honored spot to be." It is, but it comes with a boatload of work. Right? Cameron H.:        A ton. It's not an easy job. Rhonda:               No, it isn't. And unfortunately, like you said, these types of situations don't always bring out the best in people, right? Because they're stressed, and they're tired, and overwhelmed. And if they don't feel like they're bringing the knowledge to the table, everybody kind of has their best interest in mind, right? I mean, that's just human nature, at least initially. And so, it can really make those situations very challenging. Cameron H.:        I think, though, you brought up something. Women who are going through a divorce, or who have recently gone through one, are honestly in a very good position to bring up this conversation with their parents because they can talk about some of the experiences they have. Like, "Mom and dad, obviously you know I just went through a divorce, and I realized I needed to update my will. I needed to change the beneficiaries on my life insurance and my retirement account. And when I was doing this, it made me think about you. I just wanted to make sure ..." And maybe your parents have gone through a divorce themselves, or maybe they did these things years ago, and they haven't updated their will, or they never got around to it. Cameron H.:        "Mom and dad, I just went through this process myself. I just kind of wanted to check in to see where you guys stand with this? Have you drawn up a will? Have you updated it recently to reflect any changes in your life? Have you updated your beneficiaries on your insurance policies, on your retirement accounts? I know I did this, and I'm so glad I got around to doing it. Unfortunately, it was a bad situation that forced me to do it, but I just thought I check in to see whether you've done this." Cameron H.:        You can use your own life event to start these conversations with your parents. Talk about yourself and your own experiences. That can really open the door to conversations with your parents. It's not going to be like you're coming out of the blue and bringing it up. You have a reason to start the conversations. Rhonda:               Yeah, absolutely. I think that is so spot on, right? Because they are in the middle of it. Once the divorce is final, whatever estate planning that woman and her husband had in place is then null and void. So, they do have to go through that reestablishing the estate plan, identifying what their wishes are. And so, I think it is a great, natural time to have those conversations. I love that you brought that up. Cameron H.:        And I was going to say too that I ... One of the reasons I knew I had to get my mother in to update her documents is because she had gone through a divorce. She and my father divorced several years before she had Alzheimer's diagnosis. And I had a feeling she probably hadn't updated her own documents. And so, I wanted to make sure she had done that before again. Certainly, life events are a good way to start these conversations. Rhonda:               Yeah, absolutely. Absolutely. Let's talk a little bit about ... I know in your work, and I had the privilege to preview it. And so, thank you for that opportunity. I can't wait to get a hard copy. One of the things that you talk about in there, which I just chuckled because my kids are at this age where I can totally relate, and that is starting that conversation with our parents is kind of like having that preteen or teen birds and the bees conversation. Like you know you need to have the conversation, and somebody's got to go first. Cameron H.:        You know, I'm so glad you brought that up because this conversation is often equated with the birds and the bee talk. GoBankingRates just released a survey. They asked adults across America whether they've had detailed conversations with their parents about their finances. 73% have not. 73% have not. GoBankingRates also asked, "What conversation would you rather have? Are you more comfortable having with your parents than talking to them about money?" And what blew me away is that, and this is a small percentage, but it's still there. Cameron H.:        9% of people said they would rather talk to their parents about their parents' romantic life than talk to them about their finances. And I was like, "Who are these people? How can talking about money, about your parents' finances, be scary talking to your parents about their sex lives?" That is a conversation I never would want to have. It's way too awkward. But there are people out there who think that's less scary than talk to their parents about money. Cameron H.:        I get it. It can seem scary. It can seem awkward, but you do have to keep in mind that as awkward as the conversation might seem, these are your parents. They love you, and they might seem and feel a little bit uncomfortable when you bring it up, but they're probably not going to be so mad at you that they're never going to talk to you again. If you point out to them the reason why you're having this conversation because you're looking out for their best interest, which is ... That's why we as parents had these conversations with our kids about the birds and the bees. It's your job as a parent, and you can ... You can even use that, "Mom and dad, do you remember when you had that conversation with me, that awkward conversation when I was a kid about the birds and the bees? Why did you have that conversation?" Cameron H.:        And of course, they're going to say something like, "Well, it's my job as a parent. You have to have those uncomfortable conversations sometimes." And then you say, "Yeah, you're right. And I know this might seem a little bit uncomfortable now. But as your child, I feel like it's my job to also look out for you. And so, I want to have this conversation with you now because I want to make sure that as you get older, I'm going to be able to provide that care that you provided for me. And to do that, we need to have this conversation, and I don't want you to think of it as uncomfortable. No matter how uncomfortable you think it is talking about money, if we don't have the conversation, the consequences could be a lot worse. I might not legally be able to step in and help you. We might not have a plan for what sort of care you want. Having these conversations now really will give us all peace of mind and make things easier as you get older." Rhonda:               Yeah, absolutely. And make sure that, like you said, that you can execute what their wishes are. You know what I mean? It ultimately is about that. I know that in your book you talk about, essentially, 10 ways to start that conversation, and you give some really great examples. Would you be open to sharing? I know you've given a couple examples already, but one or two that maybe stand out that you'd like to share with our listeners? Cameron H.:        I think a great way to start this conversation is to use a story. And so, of course, if you are a Gen Xer, like I am, and you're part of the sandwich generation, you are guaranteed to have a story. You know someone you work with, a friend who is already dealing with this – who has a parent who has passed away without a will, a parent that they've had to leave a job to care for. You set as a story. "Mom and dad, I have a friend who she just had to take time off work to help out her mother who had a stroke. I'd love to talk to you about what we can do to plan in case a situation like this arises." Or, "Mom and dad, I have a friend whose parents passed away without a will. The father was in a second marriage, their step-kids. I know we all get along well, but, mom and dad, let's talk about this so that there aren't any surprises, and so we can make sure that we follow through with your wishes." Cameron H.:        Again, turning it back to, what are your wishes? So, even if you don't have a story, you can make one up. I know that sounds like you're lying, but really what you're doing is opening the door to a very important conversation. Or you just say, "Hey, I was listening to this podcast. This woman was talking about how she had to care for her mother who had Alzheimer's." An article. I was reading an article. There are so many ways to use a story to start the conversation. Cameron H.:        If you don't feel like that's the best way to approach it, and sometimes you must try a couple of different ways. Like I said, the life event can work, or perhaps you had your own experience meeting with a financial planner, an attorney, an accountant, and you use your experience. "Hey, mom and dad, I just went through the process of doing X, Y, and Z. It was so helpful for me. What have you done to prepare for things going forward for your retirements, for any long-term care?" Or, "Mom and dad, I met with a financial planner. Maybe this is something you want to do too. Maybe you want to meet with my financial planner. I found it to be really useful." Or, "I met with an attorney, and it was so great to make sure I got all these documents updated." Cameron H.:        So, kind of in fact suggesting that they meet with that third party because oftentimes, parents are uncomfortable talking about with their kids. But when someone else professional says, "You should be doing this. You should be having these conversations. You should be making a plan." Your parents could be more willing to listen. Rhonda:               Yeah. And I think sometimes we forget the amount of influence that we may have on our parents. I mean, I know that my parents today have an estate plan because I said, "Okay, listen, we've got to get this stuff in order." You know what I mean? Like, "Let's meet with somebody. I've got this great person. He's in your area. And I had known this estate planning attorney through some of the networking that I had done." And they got it done. You know what I mean? Sometimes they just need a little ... Maybe they don't know who to talk to, or where to start. Rhonda:               I mean, I grew up in a small town. I think back to my childhood; nobody was meeting with financial advisors at that point. Everybody just kind of like, "I don't know what they did." They had the one attorney in the town that did everything. He did divorces. He did estate planning. I mean, whatever you needed. Again, just helping them connect with the right people, trusted people, that can help them I think is important. Cameron H.:        And you're so right too. Sometimes all they need is a little nudge because they might have been planning on having this conversation with you, believe it or not, but they just haven't gotten around to it. And you bring it up and they say, "Oh, you know what? You're right. I've been meaning to talk to you about this." And all it took was you to ask, that's it. Rhonda:               Yeah. I think there is probably an element of relief, because most of them are probably thinking about it, right? They've either had somebody recently pass away, or they've been dealing with their aging parents at some point or whatever. It is in the back of their mind, and they're just waiting for somebody to initiate that conversation. I feel like that's the great thing about for us as women. I feel like there is a lot of responsibility and opportunity for us to be the ones to initiate those conversations. So, I love that. Let's also talk about ... So, we've talked about why. Why should they have the conversation? How do they start the conversation? And then, what information should they gather? Cameron H.:        This really on your parent's comfort level. If your parents seem to be reluctant to talk, you need to at least find out whether they have those estate planning documents I mentioned: the will, the power of attorney, the advanced healthcare directive. Because, like I said, it's so important to have these in place while you are still competent because if there is something that has left you mentally incompetent, you can't sign those documents anymore. Cameron H.:        So, at the least find out whether they had these documents, and then you also want to find out how they pay their bills. And this is so important because if something were to happen to them, you want to find out, "Mom and dad, are you writing a check to pay your bills, or is it set up to be paid automatically? And I'm asking you this, mom and dad, because if something happens to you, if you end up in the hospital, if there's an accident, I need to make sure that your mortgage gets paid, or your rent gets paid, or the doctor's bills are paid, and I need to know whether you've named me power of attorney or someone power of attorney so that someone can sign checks for you if they have to." Cameron H.:        This is what you had to find out at the least. If they are willing to share this information, then dig a little bit deeper. And the thing is, as you're asking for this information, you don't want to do it all at once. You don't want to sit down and say, "Okay, mom and dad, we're going to spend the whole day talking about your finances. So, get ready. Brew a pot of coffee, get ready to drink it all because we got to blind it all in one day." You don't want to do that. You do it in steps. Cameron H.:        The first step might be talking about the wills, and the power of attorney. Where are these documents located? Okay. You don't have one. Let's help you find an attorney who can help you draft these documents. Or let's go online to a website such as nolo.com, download the forms that you can fill out. Start with that, and then if they are willing to tell you more information, try to get some more details what sort of insurance policies do they have? Do they have life insurance? Do they have a long-term care insurance policy? If they have a home, they probably have homeowner’s insurance policy. Where are those policies? How are they paid? What sort of debt do you have? Are you willing to share with me? Cameron H.:        You don't have to tell me how much you owe. I just want an idea. Do you still have a mortgage on your house? Are you carrying credit card debt? Are you still paying off my student loans, or perhaps your own student loans? Do you have other sources of income beyond what your job is paying you, or what your business provides? Do you have social security income that you're getting now? Do you have a pension that's supporting you? Cameron H.:        Those are the sort of things you want to find out, and then get into the real nitty gritty. What sort of accounts? Account passwords and usernames, account numbers, and they don't have to tell you this. But if you can get them to write it down for you, put it some place safe and tell you where you can find it so that if something does happen, you have access to that, and you can actually step in and help. Because this is something that I did not do with my mother in advance, and because I didn't even know what accounts she had, there was $50,000 sitting in an investment account that we almost lost because I didn't know it existed. Cameron H.:        We had moved from the time when she was living with us, and then I put her into assisted living, and then we moved. Statements were going to that old address. And then they were about to turn it over to the state as unclaimed property. Unfortunately, the former owners, the new owners of our house, said, "Hey, we've got some mail for you." And so, I realized that there was this account that had slipped under my radar, and I was able to access it as her power of attorney, cash it out, and use it to pay for almost a year's worth of care for her. But I didn't even know it existed because I had not had those conversations soon enough with my mother about it and made that list of accounts. Cameron H.:        So, the more information you can get, the better. Realizing that your parents might be reluctant to share it, though, like I said, ask them to write it down for you, put it someplace safe and tell you how to access it. Rhonda:               Yeah, I love that. Well, and I also love the little conversations too. Like I was at my parents’ house a couple of weeks ago, and I said, "Okay, so if something happened to you, how would we pay for things?" Meaning, how are the accounts set up, or whatever? And they did go and add some additional beneficiaries of me and my brother on some of the accounts so that if something did happen, we would have access to those funds. Rhonda:               There's a lot of different ways that people can do that. But making sure that you have those little bits of conversation. She had a couple of to-do things. I had asked her to go back to the estate planning attorney and ask a couple of questions, and she did that. Again, it was probably a two-minute conversation. She left and she goes, "Okay, now what is it that I have to do?" And so, she had a notebook, and she wrote them down, and she did them. And I thought, "You know what? That's great." Rhonda:               So, I think sometimes we underestimate the influence that we do have on our parents, and the opportunity to just help them. And, sometimes allowing those conversations to happen organically, like you said, once you open that door to say, "Hey, I was working on some of my stuff. Gosh, do you guys have your stuff? Where's your stuff?" Or, "Do you have a will?" Or, "Have you completed some of those power of attorney documents or healthcare documents or whatever?" They will talk. Rhonda:               And so, it can be just this really like beautiful organic conversation that somewhat brief. You get a little info, or you give a little info, and then you can learn from that. I love that. You know, I was thinking too, in preparation for our time together, I always believe that the formula to help women become more confident is gaining the knowledge of what to do and how to do it, but then doing it, right? Like, "Okay, if we've got the knowledge without the experience theory, if we've got the experience without the knowledge, well, we're probably making a trial and error. But if we've got the knowledge, couple little tips and then we do it. It's going to help build our confidence along the way. Rhonda:               And I really feel like that is how your book is structured. I love how it's got the specific chapters where people could read it from cover to cover. But it's very well-organized in a way that if people had specific questions like, "How do I start that conversation? Is it too late?" All those kinds of things. They can go to that chapter and just read the chapter, right? So, the women don't have to feel overwhelmed by, "Okay, I got to read this whole book before I have the conversation." You can read snippets of it, right? Cameron H.:        Exactly. Exactly. And one of the things I tried to do, because most of us, we were not taught about personal finance. We didn't learn it in school. Our parents didn't teach it to us. And so, so few of us we're so far from being experts, but that shouldn't stop you from having this conversation. You shouldn't say, "Well, I can't talk to my parents about their finances because I'm not on top of my own finances." Don't let that stop you. The way I wrote the book is I try to explain all these concepts in very simple terms. I have a whole chapter on estate planning documents, and I explain what they are because I don't expect people to know what a power of attorney is, or an advanced healthcare directive is. Cameron H.:        I explain the whole ins and outs of long-term care, like the various types of long-term care, how much it costs. Because again, why would you know that? Unless you've gone through it yourself, which I figured it out really kind of through trial and error even though I had been a financial journalist for years, so much of what I had to do when I was helping my mother out, I had to figure out on my own, and I made mistakes along the way. And so, I want people to learn from my mistakes, which is why I wrote the book. Cameron H.:        And so, I really did try to explain all these financial concepts in layman's terms. I don't want anyone to feel like they must go into these conversations confused. You don't have to be an expert to have them. You just, like you said, need to get started, and then look it up. I mean, if I don't provide the answers for you in my book, if you never buy my book, just get on the internet and Google it, and it will help. There's so much information out there. Rhonda:               Yeah. And you do a really good job of obviously taking lots of information, and like you said, condensing it into layman's terms. For those of us who like stats, there's a little bit of stats in there, and then each chapter ends with an exercise. Because I said, "Oh, yes, yes, yes, yes. This is really great information, but hey, we got to put it to use." Cameron H.:        Something else I also included were a lot of stories from people who did this, who had these conversations, and people who struggle to have these conversations talking about how they finally got through to their parents. Because it's not always easy, and sometimes your parents are going to resist, and resist, and resist. And that's why trying to start sooner rather than later because they can take a long time to get through to them. Rhonda:               Yeah, absolutely. Well, thank you for the book because it is ... I'm so excited for it to get out into the world, and for women to be able to just have some important conversations and be able to report back of all the successes that they're having. And you think about just the impact, not only on them, but ... I mean, this is legacy stuff. This is beyond just us in having these conversations. And so, I love that. As we wrap up our time together, I always like to end the podcast with two things. One is your favorite quote, and a success story. So why don't we start with the success story? Cameron H.:        Would you like it to be a success story related to my book and the topic we've been discussing? Rhonda:               Sure. Yes. Cameron H.:        Okay. So, one of the women I interviewed for the book, she is a millennial. Her mother was a single mom because her father had passed away when she was younger, and her mother struggled terribly with their finances. It got to the point where our home had been in foreclosure for ... I mean, we're talking a very long time. Her daughter knew that her mother was struggling, and she was struggling to get through to her mother. And there are a couple of ways that she had success. One is by sharing her own experiences with her mom. "Hey, mom, I've been doing these things to save money. This is what's worked for me." Basically, just giving her tips based on your own experience. Cameron H.:        So that helped getting a third party involved. She had an aunt, her mother's sister, who did very well financially. And so, basically, the aunt recommended taking this financial course that she had taken, and she got her mom to agree to do it. They did it together. They went through it together. They got tips. That led to her mother opening up to her and sharing some of the mistakes she had made. Now, her mother is still reluctant to be very open about her finances, but she has made progress, and she is making progress. Cameron H.:        The important thing to really take away from this, though, is that this woman, this young woman, realizes that, yes, her mother has made mistakes and she will need some help as she gets older. But she still must be her priority. Her financial wellbeing still must take priority over her mother. So, she is trying to set aside some money, but she's not offering now to step in and help her mom out financially. And this is so important for women to remember. If you are divorced and now you oversee supporting your children, supporting yourself, you still are your priority. As much as your parents might need your help, you must focus on yourself first especially if you have kids who are relying on you. Keep that in mind. Cameron H.:        And so, it's difficult as these conversations might seem to be, they can happen. It can take time. But like I said, in the end, you are your priority. Take care of yourself. Gosh, the quote. That's a tougher one. You know, this is not a quote that I've heard anyone say. It's just something that's become kind of my own personal mantra recently. It's “little by little”. And I've been trying to tell myself this because so often you hear like, "Go big or go home." Cameron H.:        Yes, sometimes that works. But really I feel like at this stage of my life as someone who's part of the sandwich generation, dealing with my mother, dealing with teenagers, you just have to take things little by little, and you have to enjoy those successful moments, and those good moments when they come. And you realize when you're hit with those bad moments that they too will pass. Really. Cameron H.:        And so, I must tell myself that every single day. "Okay, I'm going to make a little progress today. I certainly didn't get everything done that I wanted to get done, but there's still tomorrow, and I'm going to make a little more progress tomorrow." And so that's the way these conversations are too. You just kind of must do them little by little sometimes. Rhonda:               Yeah, absolutely. I love it. It's a good reminder, right? Cameron H.:        Yes. Rhonda:               And encouragement to keep going. Cameron H.:        Yes, keep going. Keep going. Rhonda:               Keep going. Well, I want to thank you so much for spending time with us today. Share with our audience where they can find your book. Cameron H.:        So, the book, again, is Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances. It comes out June 25th, but you can preorder it on amazon.com. You can also go to my website, which is cameronhuddleston.com, and there are some links there on the site to order the book. Rhonda:               Okay. Awesome. Well, thank you so much for your time today. This has been delightful. I know that the women that are listening walked away with some practical things that they can do, and I want to thank you for spending time with us today. Cameron H.:        Thank you for having me.     RESOURCES: Mom and Date, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances book Cameron Huddleston Author | Awared-Winning Personal Finance Journalist and Life & Money Columnist for GOBankingRates Cameron Huddleston cameron@cameronhuddleston.com (414) 427-4141 LinkedIn | Facebook | Twitter | Instagram   Visit the Women’s Financial Wellness Center for a full directory listing of experts. Be sure to reach out if you would like to connect personally with the Women’s Financial Wellness Center. You can visit our website or grab a complimentary 30-minute consult.   Leaving a positive podcast review is hugely important: they help the podcast get discovered by new people. Please spend 5 minutes of your time to leave a review on your preferred listening platform, we’d love to hear from you!

We’re all trying to get our finances under control, but have you ever thought about your parents financial situation? In this episode, we sit down with Cameron Huddleston and discuss how we can help our parents with financial issues such as retirement, long term care insurance, debt, wills, and much more. Huddleston is the author of “Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances,” which is set to be released on June 25th, and outlines how you can have productive conversations with your parents regarding money. Throughout her book, Huddleston breaks down the step-by-step process of how you can approach the taboo topic of your parents financial situation. While these conversations may be awkward, there are huge consequences to not having these conversations at all.   While it may take some time to get through to your parents, it’s essential to have a financial plan in place before an emergency occurs. If your parents are reluctant to speak about their finances, you can start by treading lightly regarding the topic, offering to help in small ways, and asking a trusted third party to get involved.   Highlights: Cameron’s past in journalism and her extensive experience when it comes to covering topics relating to personal finance. Some universal advice when it comes to money management, is that you need to be saving more money for retirement. How to cut your spending to save more for retirement. While money is a taboo topic, Huddleston’s book “Mom and Dad We Need to Talk” breaks down these conversations and how you can speak with your parents about their finances, retirement plans, long term care insurance, wills, and more. While talking about money with your parents can feel awkward, it’ll be much worse if you don’t have these conversations. Even happy families can end up fighting and bickering over belongings if a loved one passes away without a will. Speak about issues relating to long term care, legal documents, the power of acting attorney, finances, debt, retirement, etc. 58% of Americans have less than $1,000 in savings, and less than 10% have long term care insurance. Timing is a big component to consider when you approach your parents about money issues. Instead of talking with them around the holidays, save this conversation for the summer time. It also might be a good decision to approach this topic slowly, and schedule specific days. Huddleston breaks down different techniques and methods that can be used when trying to get through to reluctant parents.   Key Takeaway: It can be difficult and awkward to speak to your parents about their finances, but there are huge consequences to not having these conversations at all. If your parents refuse to speak about these issues, you can start by approaching them respectfully, offering to help in small ways, and asking a trusted third party to get involved.   Paychecks & Balances Website: https://paychecksandbalances.com/ https://www.patreon.com/paybalances Instagram: https://www.instagram.com/paybalances/ Facebook: https://www.facebook.com/paychecksandbalances Twitter: https://twitter.com/paybalances?lang=en   Cameron Huddleston: Website: https://cameronhuddleston.com/ Twitter: https://twitter.com/CHLebedinsky Facebook: https://www.facebook.com/CameronHuddlestonMoneyExpert/ Book: https://www.amazon.com/Mom-Dad-Need-Talk-Conversations/dp/111953836X            

Cameron Huddleston is an award-winning journalist with more than 17 years of experience writing about personal finance. Before joining GOBankingRates, she was a contributing editor for Kiplinger.com and wrote the popular Kip Tips column, which was syndicated in Tribune newspapers nationwide. Her work has appeared on Yahoo!, MSN, AOL Daily Finance and other online and print publications. U.S. News & World Report named her one of the top personal finance experts to follow on Twitter, and AOL Daily Finance named her one of the top 20 personal finance influencers to follow on Twitter. She has appeared on “Fox & Friends,” MSNBC and CNN and has been a guest on ABC News Radio, Wall Street Journal Radio, NPR, WTOP in Washington, D.C., KGO in San Francisco and other personal finance radio shows nationwide. She has an MA in economic journalism from American University and BA in journalism and Russian studies from Washington & Lee University. Before becoming a personal finance journalist, she worked at daily newspapers and for Dow Jones Newswires, covering convertible securities and junk bonds. Her new book is entitled “Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their Finances.”In This Episode, You Will Learn:Fears that adult children have about talking to parents about finances.How to work with siblings when broaching the subject.Practical tips on how to start the conversation.Connect with Cameron:Mom and Dad, We Need to Talk: How to Have Essential Conversations with Your Parents About Their FinancesCameronHuddleston.comGOBankingRatesFacebookInstagramTwitterYouTubeLinkedInDon’t Miss A Single Episode:Subscribe on Apple Podcasts, Google Podcasts, Spotify, or Stitcher.Leave a quick review on any of the podcast apps to tell people what you think about the show.Take a screenshot of the podcast and post it on Instagram or Instagram Stories. Tag us @insporising. We’ll repost and give you a shoutout! Support this podcast at — https://redcircle.com/inspiration-rising/donations