Aging can already be a touchy subject, and when it intersects with something as personal and private as finances, having a conversation about it can feel daunting. Parents may be hesitant, or even embarrassed, to ask for help in managing their financial situation as they get older. Meanwhile, their adult children may feel unsure about how to — or even whether to — insert themselves.
The reality is, putting off having these discussions does not do anyone any favors. Here are some tips for how to approach the topic.
Start the conversation sooner rather than later
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