Michael Canet is a financial planner, estate planning attorney and host of The Savvy Investor TV and Radio Show, where he and Savvy Investor guests help listeners create, grow, and preserve their wealth. In this article, Canet discusses a recent study on parents’ reticence to discuss their retirement and estate plans with their children.
Glen Burnie, MD – Aug 19, 2014 – Estate planning attorney and host of The Savvy Investor TV and radio show, Michael Canet, recently published an article on The Savvy Investor website on the disconnect between parents and children when it comes to discussing and planning finances. In “Why Avoiding the Money Talk Can Leave Your Family Unprepared,” Canet outlines the effects of not talking, or not going into detail, about your finances before retirement.
Canet writes, “Many adult children are more than willing to help support their parents’ financial needs if retirement funds fall short, but they need to factor those needs into their own savings plans. Giving your children substantial notice of whether, or not, you’ll require additional funds from them (or if you’re planning on moving in during your twilight years) will help them adequately prepare. Maybe they’ll build you a guest house.”
The entire article can be found at http://www.thesavvyinvestortv.com/articles/why-avoiding-the-money-talk-can-leave-your-family-unprepared.php
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About Michael Canet:
Michael Canet is a financial planner and estate planning attorney specializing in family legacies and is a founding member of Prostatis Financial Advisors Group, LLC. Canet is the #1 Amazon best-selling author of Surviving the Perfect Storm: How to Create a Financial Plan That Will Withstand Any Crisis, and has been featured on The Wall Street Journal, Fox News, and USA Today. He is also host of the nationally syndicated television show, The Savvy Investor, and The Savvy Investor radio show on WCBM 680AM. His approach, both on and off The Savvy Investor shows, is distinguished by clear and concise answers that are accessible to the people who need to understand them most: retirees.
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