In Your 40s? Now’s the Time to Talk to Parents About Their Finances

As you plan your retirement, it’s time to talk about to them about theirs.

Orr reminded us that we’re going to be responsible for our parents in a few years.

Do they have a will, durable health care and power of attorney set up?

What about long-term care and life insurance?

“And do the same with their recurring bills and financial accounts.”

You’ll need to find the right time to bring up the issue.

Let the family know in advance the topic might come up.

Check out the link for other financial topics that people in their 40s need to keep in mind.

5 Money Moves You Should Consider Making in Your 40s| LearnVest

Photo byOakleyOriginals.