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Why money talks stall at home

Why money talks stall at home

A looming wealth transfer is colliding with family silence around finances, according to Spectrum News 1. A new Fidelity study shows many families avoid estate planning talks even as stakes rise with age and assets.

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Chandler Riggs of Fidelity Investments says parents often underestimate how ready their children are to handle money conversations. Emotional discomfort and practical confusion keep discussions off the table, even when planning matters most.

Riggs told Spectrum News 1 families can break the stigma by starting small, focusing on shared goals, and using trusted resources to guide the first steps.



Categories: NewsNew York State