Even though we have become more open about many subjects, the topic of money is one that many of us find difficult to discuss, even when our children have grown up. You should introduce your adult children to your financial advisor once you have established a good working relationship. It will benefit all of you.

Let’s say that you have covered all of your financial bases properly and you have made a will and you have a power of attorney in place. You know the details of your estate and your assets and where all of your accounts are held.

You have also thought about where you would like to live in retirement. Although you would like to continue to live in your own home as long as possible, you have some definite preferences about assisted living facilities which you have discussed with your financial advisor.

Read more at Iris.xyz.