Ep 10: Awkward Conversations With Your Financial Advisor – Part 1

No one enjoys having to take part in those difficult conversations but it’s a necessary part of building a comprehensive retirement plan. Let’s explore two of those awkward conversations every good financial advisor should be bringing up with you. In part one of this series, we’ll look at how the death of a spouse and the possibility of nursing home care can affect your plan.

 

Show Notes: https://www.baschrock-fg.com/podcast/ep-10-awkward-conversations-with-your-financial-advisor-part-1/

 

Today's Rundown: 

0:34 – We’re beginning a new series on awkward conversations.

1:05 – Let’s get an update on how Ben’s wife is doing and how the pregnancy is going.

2:28 – Beginning the discussion on awkward conversations and what we mean with that.

3:03 – First difficult conversation: the death of a spouse.

4:31 – What BA-Schrock discusses in terms of life insurance with clients.

5:39 – Do you know all the account information for your family’s accounts?

8:08 – Second difficult conversation: Nursing home care later in life.

9:03 – Here’s how much nursing home care could cost you.

11:42 – These conversations aren’t easy but having these candid discussions can be very helpful.