<description>&lt;p&gt;Open communication with your parents about money may be more important than you think, especially now.&lt;/p&gt;&lt;ul&gt;&lt;li&gt;So how much are our parents affected? Can they still recover their expenses long term, if they're in these heavily bond weighted portfolios? (03:11)&lt;/li&gt;&lt;li&gt;They have a different perspective from us, they're a different generation. (05:37)&lt;/li&gt;&lt;li&gt;But there are more and more products coming out that approach risk in different ways. You may come across terms such as buffered annuities or buffered ETFs for example. (07:20)&lt;/li&gt;&lt;/ul&gt;&lt;br/&gt;&lt;p&gt;Quote for the episode: "Just like you should at least be asking your advisor if you have concerns about your own portfolio, your parents really should be doing the same." (07:44)&lt;/p&gt;&lt;p&gt;Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC.&amp;nbsp;TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.&lt;/p&gt;</description>

Enjoy More 30s: Family Finance

Joseph P. Okaly

How to Talk With Parents About Money - REMIX | Series 10.4

NOV 28, 20229 MIN
Enjoy More 30s: Family Finance

How to Talk With Parents About Money - REMIX | Series 10.4

NOV 28, 20229 MIN

Description

Open communication with your parents about money may be more important than you think, especially now.

  • So how much are our parents affected? Can they still recover their expenses long term, if they're in these heavily bond weighted portfolios? (03:11)
  • They have a different perspective from us, they're a different generation. (05:37)
  • But there are more and more products coming out that approach risk in different ways. You may come across terms such as buffered annuities or buffered ETFs for example. (07:20)

Quote for the episode: "Just like you should at least be asking your advisor if you have concerns about your own portfolio, your parents really should be doing the same." (07:44)

Securities offered through TFS Securities, Inc., and Advisory Services through TFS Advisory Services, an SEC Registered Investment Advisor Member FINRA/SIPC. TFS Securities, Inc., is located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.