Time for you to gather with loved ones, eat more than you planned and watch football until you fall asleep.

When you have your family gathered in one place, consider carving out time to have a candid conversation with your loved ones about your retirement plan and your legacy. This way you can get their input…and buy-in…on your plan. And everyone will leave feeling included in the conversation. So what to discuss?

  1. LONG-TERM CARE – Adult children are often concerned that they will need to care for their parents in the event of an extended illness. If you’ve worked with us to address the pressing need for long-term care (the featured topic in our newsletter to you last month) then you can confidently tell your children that, while you will always want to rely on them emotionally, financially you have your house in order with an LTC solution. If you don’t have that plan in place yet, call us to set up an appointment for January and we can get it done.
  2. WHO WILL BE IN CHARGE – If you are lucky enough to have an adult child you believe can take on the role of executor, let all your children know. Some may be surprised they are not your choice, but better to have that discussion now rather than when you can’t be there to referee. And if it’s not a family member, let them know why you’ve made your choice. Better that this news comes from you, rather from a third party they may not have met.
  3. SKIP THE NUMBERS, BUT LET THEM KNOW WHAT’S COMING THEIR WAY – By sharing your game plan for your legacy, you are helping your children know what to expect—and what not to expect—especially in the case of an inheritance. Are you covering a grandchild’s college education? Let their parents know how many years you plan to cover. Do you plan to travel the world or leave a legacy to your church or favorite charity? Share your intentions to avoid any, “But I thought…” objections later on.


If you have any questions about funding college or retirement, let’s get together as soon as possible to develop or refine a realistic plan for your family.

By Comments off December 7, 2016