Oct 3, 2021 • 52M
47: Make Sure Your Parents Are Straight
The Momentum Advisors centers on personal financial advice, information on entrepreneurship and insight into how you can build a successful financial legacy for yourself––and your community. Allan & Tiffany spend their days advising listeners on how to build and manage their wealth. Find them at http://Momentum-Advisors.com.
If you don’t take the time to get your parents financial profile in order, it could put their
finances in jeopardy--and ultimately yours! Over 15% of middle-aged adults are providing financial support to both an aging parent and a child, at the same time. For African-Americans, more than half find themselves unexpectedly "sandwiched" between caring for an older person and a child under the age of 18. This episode focuses on how to get your parents finances in order to ensure they can age gracefully and independently. We highlight specific conversations and topics you need to have with them to make sure all bases are covered under any circumstance.