BOSTON (AP) — Thanksgiving could be an opportune time to talk turkey about family finances, rather than merely eat the bird and prepare for the next big holiday. A detailed discussion could prove to be worthwhile, given the strong likelihood that older parents and their adult children have conflicting expectations about issues such as elder care, retirement security and inheritance.
Survey results released Wednesday by Fidelity Investments found family members frequently disagree when asked privately about these hard-to-discuss topics.
Key findings from the Boston-based financial services company include:
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