Skip to main content
 

Bernhardt Wealth Management logo

  • Home
  • About 
    • Our Team
    • How We Work
    • The Bernhardt Way
    • Affiliations
  • Our Services 
    • Wealth Management
    • Investment Management
    • Small Business
  • Resources 
    • Articles
    • News
    • News Releases
    • Videos & Podcasts
    • White Papers
    • Newsletter Signup
    • Profiles in Success
  • Client Login 
    • TD Ameritrade
    • BWM Client Portal
  • Blog
  • Contact

    You are here

  1. Home
  2. Blogs
  3. The Other Talk with Your Children or Your Parents

The Other Talk with Your Children or Your Parents

Submitted by Bernhardt Wealth Management on August 4th, 2014
  • Share on Facebook
  • Tweet Widget
  • Linkedin Share Button

When I read Tim Prosch’s book, The Other Talk: A Guide to Talking with Your Adult Children about the Rest of Your Life, I knew I had to have him come and talk to our clients and their guests. The event is scheduled for September 4th beginning at Noon. I hope to see many of you!

Tim’s going to talk with us about something everybody dreads — the conversation where mom and dad and their adult children talk about the parent’s preparations and wishes for their later years.

Tim’s a strategic marketing professional who has worked for years with Boomers across the country. His book grew out of a constant refrain he heard from Boomers, “I’ll never put my kids through what happened to me with my parents” and his own eight year long struggle with his Mom who had Alzheimer’s and his dad who had MS.

Most families find themselves in tough situations with their aging parents because they never discussed these end of life issues. The adult children don’t want to think about their parents dying. Nor do they want to experience a role reversal where they seemingly parent their parents. And, of course, the parents struggle with giving up control to their children.

Tim’s book is a roadmap for changing that painful dynamic. Rather than having the kids take control or the parent give up control, he advocates sharing control. And, in another departure from traditional thinking, rather than put the onus on the adult children to reach out to mom and dad to discuss their finances and healthcare wishes, Tim insists that the parents start the ball rolling.

He’ll chat with us about financing an uncertain future, choosing the best living arrangements, getting good medical care, and how to take charge of the end of your life, both by empowering kids to make medical decisions when you can’t and sharing details of your will.

Did that last part make you shudder? As Tim said in a recent interview with the Financial Planning Association, “You have to sit your kids down and say, ‘Here’s what I’ve got. Here’s what we have to deal with, because you are going to end up with it.’”

I look forward to his talk and a robust question and answer session.  Space is limited but if you are interested in attending, please call Kate at (703) 356-4380 to register and let us know if you will be bringing a family member or guest with you.

And by the way, Tim Prosch will be available to sign The Other Talk which we will make available to each household present.

Tags:
  • Senior Issues

Recent Blog Posts

  • “Just Lookin’ for a Home”: Most- and Least-Expensive States to Live In
  • Who Can You Believe? Seven Warning Signs of an Untrustworthy Financial Advisor
  • Can You Beat the Market? Yes. Is It Likely? No.

Archived Blog

  • April 2021 (4)
  • March 2021 (7)
  • February 2021 (5)
  • January 2021 (5)
  • December 2020 (7)
  • November 2020 (6)
  • October 2020 (5)
  • September 2020 (5)
  • August 2020 (6)
  • July 2020 (6)
  • June 2020 (7)
  • May 2020 (6)
  •  
  • 1 of 11
  • ››

Categories

  • 401(k) (13)
  • 401(k) Retirement Planning (2)
  • Annuities (3)
  • Behavioral Finance (19)
  • Bernhardt Wealth Management (1)
  • Book Review (2)
  • Business (3)
  • Charitable Planning (6)
  • College planning (5)
  • Conflicts of Interest (1)
  • Cryptocurrency (1)
  • Current Events (3)
  • Cyber Security (2)
  • Debt (1)
  • Dimensional Fund Advisors (5)
  • Diversification (4)
  • Economics (18)
  • Economy (1)
  • Estate Planning (12)
  • Exit Planning (2)
  • Fiduciary (30)
  • Financial Advisor (4)
  • Financial Check-up (2)
  • Financial literacy (2)
  • Financial Planning (13)
  • Flash Report (1)
  • Fraud (4)
  • Gordon's Life (8)
  • Health (1)
  • Healthcare (4)
  • Holidays (3)
  • Human Behavior (3)
  • Identity Theft (3)
  • Investing (56)
  • Investment Planning (38)
  • Investment Scams (1)
  • Investments (5)
  • IPO (1)
  • IRA (6)
  • Legacy (1)
  • Long Term Care (5)
  • Market Volatility (1)
  • Medicare (5)
  • Philanthropic Planning (1)
  • Philanthropy (6)
  • Quality of Life (4)
  • Real Estate (4)
  • Rebalance (3)
  • Retirement (2)
  • Retirement Planning (35)
  • Sage Advice (9)
  • Saving (4)
  • Senior Issues (10)
  • Social Security (6)
  • Success (3)
  • Tax Planning (3)
  • Taxes (12)
  • The Bernhardt Way (33)
  • Wealth Enhancement (2)
  • Wealth Management (9)
  • Wealth Protection (7)
  • Wealth Transfer (9)

Refer Us

Subscribe to our Newsletter

Contact Us

Don't hesitate to get in touch with us.
We would love the opportunity to become your trusted advisor.

Phone: (703) 356-4380
Toll Free: (888) 356-4380
Fax: (703) 356-4383

Email: gordon@BernhardtWealth.com

7601 Lewinsville Road, Suite 210, McLean, VA 22102

       

Get Directions

  • Sitemap
  • Legal, privacy, copyright and trademark information

Bernhardt Wealth Management, Inc. (BWM) is a registered investment advisor with the Securities & Exchange Commission. BWM may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered/filed notice or otherwise excluded or exempted from registration requirements. The purpose of this web site is only for information distribution regarding BWM products and services as well as general investor education. All information is provided for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.

 

Form ADV   |  Form CRS

© 2021 Bernhardt Wealth Management, Inc.. All rights reserved.

Website Design For Financial Services Professionals