« Parenting

Parents STILL Aren't Talking to Their Children About This

by Vanessa Ryan

There are plenty of subjects parents should be talking to their children about, and some subjects that, apparently, they feel are none of their business.

When it comes to family conversations, many parents aren't discussing their retirement plans or other financial matters with their adult children.

Because theyre not talking about their future plans, many Americans are not properly prepared to live comfortably in retirement.

64% of parents and children surveyed can't agree on when to have the difficult conversation, and money is still a taboo subject for many parents and their adult children.

Experts say that the family should discuss the parents money situation well before retirement, so that they can make changes if need be.

They also suggest that families have more than one conversation about the issue and schedule regular meeting times to stay on top of the subject.

~BS and Vanessa