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Talking about finances with your family on Thanksgiving holiday

Posted at 8:20 AM, Nov 16, 2017
and last updated 2017-11-16 08:20:57-05

LEE COUNTY, Fla.-- The Thanksgiving holiday is a time when families gather, but you can also use it as an opportunity to talk about finances.

Local financial professional James Gallagher has some tips for using the holiday to cover finances with your family.

Finances are a big taboo for many families. 40% of retirees report they haven't discussed any finances with their kids.

You can use the holiday as an opportunity to have a family meeting. Make sure you keep the conservation simple at first.

You should discuss legal documents, healthcare protection, income and expenses and your financial records. 

If you're looking for more financial help, visit Waterstone Financial