How to talk to your aging parents about their finances Episode 38
Episode Notes
Middle-aged Americans sandwiched between the caregiving needs of their children and aging parents sometimes sacrifice their own retirement savings plans as they juggle family responsibilities. While it may be hard for some families to talk about money, it’s important that members of the Sandwich Generation develop a clear picture of their parent’s financial position, healthcare needs, and legacy wishes. Guest Chris Heye, founder of Whealthcare Solutions, discusses how to recognize signs that your parents may need help managing their health or finances and offers tips about how to initiate important conversations.
Please note: This content is intended for financial professionals.
Guest Bio: Chris Heye is the CEO and founder of both Whealthcare Solutions Inc. and Whealthcare Planning LLC. He is a proven entrepreneur with extensive experience starting and growing technology companies. After confronting dementia in his own family and witnessing elder financial abuse in friends, he decided not enough was being done to protect older adults. He helped design a clinical study at the Massachusetts General Hospital which investigated the behavioral and cognitive underpinnings of sound financial decision-making. Dr. Heye is a regular columnist for the Journal of Financial Planning where he writes about technology, longevity, and financial wellness. He is a frequent speaker at industry conferences and webcasts and is a member of the Financial Planning Association’s (FPA) FinTech Advisory Group. He received his BA from Wesleyan University and Ph.D. from the Massachusetts Institute of Technology.
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