Seniors who have been looking forward to moving to a less expensive area, living in an RV as long as their health permits or downsizing in every possible way, may need to consider others in their lives who will be affected by these changes.
US News & World Report’s recent article, “The Talk to Have With Your Kids Before You Retire,” acknowledges that this discussion can be uncomfortable for some parents. However, parents need to prepare adult children for their impending retirement. It’s crucial to begin financial discussions early in retirement. That makes it easier in later years, when cognitive decline can affect decision-making. Talk with your children about these things regarding your retirement: