Barron’s Top Women Conference
November 30, 2017
Kathleen will be presenting a keynote for the Barron’s Top Women Conference in West Palm Beach, FL. The topic is Breaking Money Silence® in Families: Strategies to Empower Adult Children to Raise Financially Fit Parents.
Did you know that over half of adults admit that they would rather talk to their kids about sex than to their parents about aging? The reasons for avoiding this money talk vary, but in general adult children don’t want to appear greedy or overbearing by asking mom and dad about their finances. This money silence negatively impacts clients and their families as evidenced by:
- 85 percent of long-term care decisions are made during a medical crisis, with 70 percent of seniors needing some type of long-term care as they age.
- 70% of adults find it difficult to talk to their families about who will make financial decisions for an aging parent or relative.
- 50 percent of nursing home expenses being paid out-of-pocket and adult children contributing on average $10,000 a year to their parent’s care.
In this interactive breakout session, Kathleen Burns Kingsbury, author of the new book Breaking Money Silence: How to Shatter Money Taboos, Talk More Openly about Finances, and Live a Richer Life, will teach you practical tips and tools for empowering clients to engage in wealth conversations. Attend and discover why advisors are uniquely positioned to help families break money silence, conversation starters that reduce resistance and get the dialogue going, and tips for working with challenging family dynamics.
All attendees will receive a complimentary copy of the client handout, “Ten Tips for Successfully Engaging Your Parents in a Financial Conversation.”