Thanks to Grand Rapids Magazine for interviewing our own Phil Mitchell about how to talk to your parents about finances.
Money is a sensitive topic and trying to talk about finances with your retirement-age parents can be tricky to navigate, but financial adviser Phillip Mitchell, CPA, CFA, CTP and president of Kroon & Mitchell, said things can become even trickier if you wait to start those conversations.
“A lot of what drives this to begin with is some sort of life-altering event,” Mitchell said, noting a medical condition or changes in mental acuity are common catalysts for these conversations becoming a priority.
Read the full article on Grand Rapids Magazine HERE.
We’re happy to answer any financial questions you may have right now. Call 616-356-2002 or visit our contact page to schedule.