About this episode
Flying by the seat of your pants isn't a great strategy for your own finances, and it's downright risky when it comes to your aging parent's money situation. Many of us millennials and Gen Xers are suddenly realizing our boomer parents might need help, but where do we even start? We have a practical checklist for tackling those awkward money conversations with your parents. We'll guide you through insurance basics, tax considerations, and planning for future care needs so you don't get stuck making life-altering decisions in a crisis — have the conversation early so you're not scrambling when it might be too late. Key moments: (06:06) One conversation might not be enough and who to include in financial planning talks (11:20) Insurance policies and legal documents every family should review together (22:14) Housing decision factors: staying put, downsizing, and future-proofing their living space (30:23) The family balancing act: dividing financial and caregiving responsibilities between siblings Like the show? There are several ways you can help! Follow on Apple Podcasts , Spotify or Amazon Music Leave an honest review on Apple Podcasts Subscribe to the newsletter Feeling helpless when it comes to your student loans? Try our free student loan calculator Check out our refinancing bonuses we negotiated Book your custom student loan plan Get profession-specific financial planning Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!