Are Your Family Financials a Secret?

Yosefa Huber December 17, 2020

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Does your family’s primary financial caregiver hold their cards close to their chest?

Maybe the following story sounds familiar about a parent keeping your family financials a secret:

Dan has always handled the family’s money. He organized the budgets, took care of the investments, and maybe even set up investment portfolios for the now-adult children.  While he had a lot of work to do, he understood it all, and wanted to save everyone else in the family the burden of financial organization.

Here’s the other side of the story

Dad’s getting older and even though he still holds the financial reins he won’t discuss his decisions with anyone in the family.  Even his wife doesn’t know all the financial details. Worse, he won’t give the adult children the necessary information so they can report their taxes on investments.

What should this family’s accountant and investment professional do to help?

Tune in to today’s show with special guest, U.S. accountant Yosefa Huber to discuss the mistakes when family finances aren’t a shared family process.

To learn more about Yosef Huber visit her website, or follow her on Twitter @yosefaCPA.

If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.

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