Talking Money With Family

There was a lot to discuss with family this Thanksgiving.  The election, stocks ripping, the return of crypto mania, and, of course, the evergreen subject of ‘the culture war’.  In many households, Thanksgiving takes its shape as thoughtsgiving as outspoken opinions crowd out any notion of contentment.  

 

Few things can be as goading as that one relative who works in their trading fortunes into any conversation, conflating luck with genius.  You’ll definitely know by the end of the conversation how much they claim to be worth.  You’ll also know who will be the least generous person come gift giving season in a month’s time.  

 

This begs the question, what money topics are appropriate to discuss with friends and family?  When should you be cautious, and when is a good time to disclose?  These are not simple questions and the answers require nuance to address. 

 

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About your Hosts

 

Ben Jones

Managing Director, National Wealth Management Group

www.nwmgadvisors.com 

Author, www.karastick.com 

@thekaratstick

https://www.linkedin.com/in/ben-nwmg/

Follow Ben's Financial Newsletter 'Karat Stick' - https://www.karatstick.com/

 

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Brent Gargano, CFPⓇ

Founder & Advisor, Infinite Wealth Planning 

www.infinitewealthplanning.com

linkedin.com/in/brent-gargano-cfp®-2067b573

Read Brent's latest blog post, 'Election Update: What To Expect For Investments,' and follow his newsletter for more content --> https://infinitewealthplanning.net/election-update-what-to-expect-for-investments/

 

 

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Editor

 

Trevor Gargano

Financial Advisor Marketer

Trevor@nwmgadvisors.com

https://www.linkedin.com/in/trevor-gargano-72727b67/

 

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Disclosure

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. 

 

Please consult with a qualified legal professional to find out if any of the strategies discussed are right for you.  Neither Ben or Brent are licensed attorneys and cannot provide legal advice. 

 

Securities offered through LPL Financial, Member FINRA & SIPC..  Advisory services offered through National Wealth Management Group, LLC a registered investment advisor and separate entity from LPL Financial.