3 Tips for Communicating about Money Among Generations

Everyone knows that couples need to be able to discuss finances, but it's also crucial to talk with your kids and your parents. Here's how.

(Image credit: AMV)

It is my opinion that there are more younger Americans who expect to receive an inheritance than seniors who plan on leaving them. This underscores a growing problem that financial professionals see every day when they meet with clients: a lack of generational communication about finances. This takes place in many different relationships, and each has its own challenges for the present and the future.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Andy Burdsall, Investment Adviser
President, Riverbend Financial Group

Andy Burdsall is the president of Riverbend Financial Group in Jeffersonville, Ind., a firm that focuses on income creation and legacy planning for its clients. He is a Registered Principal with Securities America, Inc. and an insurance professional.