The Baby Boomers Series - An Introduction
Happy New Year and welcome to the first video of the Baby Boomers series!
In this series of video blogs we will be talking about some of the important issues that, as Baby Boomers, we need to be addressing – it’s going to be a kind of mental spring clean!
Not able to watch the video today? Why not read the transcript below?
As baby boomers in our early sixties we’ve reached the point where we have accumulated some money and now, hopefully, have some time to do some of the things we want to do. This series of videos is about prompting you to attend to the 'housekeeping' issues that we'd all prefer to avoid.
These are:
Talking to one of my clients the other day she explained to me that she was very worried about her ageing parents. One of them is suffering from dementia and there are issues around care and money and what is best. Now well into their eighties and having not made any plans or provision for this situation, they are finding it difficult to cope, and my client understandably feels responsible for them.
As I listened to her I realised how very important it is that we, as baby boomers in our sixties, make plans for whatever situation we may face in twenty years time. We owe this to ourselves and to our children.
So, let’s have the conversations now, let's take the actions we need to take now, ideally with the guidance of a caring financial planning practitioner. Then we can get on and enjoy the 'best years of our lives' with the peace of mind of knowing we've done the right thing.
Regards,
Nicholas.
In this series of video blogs we will be talking about some of the important issues that, as Baby Boomers, we need to be addressing – it’s going to be a kind of mental spring clean!
Not able to watch the video today? Why not read the transcript below?
As baby boomers in our early sixties we’ve reached the point where we have accumulated some money and now, hopefully, have some time to do some of the things we want to do. This series of videos is about prompting you to attend to the 'housekeeping' issues that we'd all prefer to avoid.
These are:
- The financial consequences of death
- The potential effects of dementia.
- The effect of debt on your estate.
- The importance of talking about these issues rationally and constructively.
- When and how to downsize your home.
Talking to one of my clients the other day she explained to me that she was very worried about her ageing parents. One of them is suffering from dementia and there are issues around care and money and what is best. Now well into their eighties and having not made any plans or provision for this situation, they are finding it difficult to cope, and my client understandably feels responsible for them.
As I listened to her I realised how very important it is that we, as baby boomers in our sixties, make plans for whatever situation we may face in twenty years time. We owe this to ourselves and to our children.
So, let’s have the conversations now, let's take the actions we need to take now, ideally with the guidance of a caring financial planning practitioner. Then we can get on and enjoy the 'best years of our lives' with the peace of mind of knowing we've done the right thing.
Regards,
Nicholas.