Silence Could Be Costly in Family Financial Planning

Parents and their adult children say they want to have honest conversations about finances and retirement issues, but they just don’t agree on when to talk, according to a survey released today by Fidelity Investments. And when these discussions do eventually occur, they often don’t get down to the details needed for proper financial planning, the Boston-based investment firm found. Lauren Brouhard, senior vice president of retirement at Fidelity, urges families to bite the bullet and talk – before parents retire …

Moms Are Better Than Dads (About Money Talks)

OK, so maybe I’m a little biased. But a new survey finds what we mothers have known all along: We’re better than dads when it comes to discussing money matters with our adult kids. “Moms are more likely and open to having deep, detailed discussions,” says Lauren Brouhard, a senior vice president for retirement with Fidelity Investments, which conducted the survey. “What’s really important is that these not just be surface discussions,” Brouhard adds. “Nobody wants surprises down the road, …