According to a 2019 study by GOBankingRates, 73% of Americans have not had a conversation about finances with their aging parents. Meanwhile, 23% have tried to approach the subject, but their parents refused to engage in the conversation. Furthermore, 19% are afraid to bring up the subject at all, and 17% believe talking about money is a taboo in their family.

However, this talk is not something you should shy away from.

In this episode, Larry Heller highlights the importance of having financial conversations with your aging parents. He shares stories of cases he’s seen over the years, illustrating the benefits that can come with having these conversations — and what can happen to those who don’t have the money talk. 

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