Cheryl Winokur-Munk

speaker
1,406 appearances 26 recordings 2 series first heard Apr 2019 last heard Jun 2025

Cheryl Winokur-Munk’s voice in public audio — every appearance, attributed to the second.

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Appearances

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WSJ Your Money Briefing · How to Talk to Your Aging Parents About Money · 21 Sep 2021 podcast
There's lots of things in your own financial life that could influence you to talk to your parents and to know basically what your parents' plans are. voice-verified
It's best, the experts say, to start really informally. voice-verified
So you don't want to sit down and say, hi, mom, dad, good to see you today. voice-verified
How much money are you leaving me when you die? voice-verified
Like, that's really not the kind of question you want to start with. voice-verified
Sometimes there are natural ways into it. voice-verified
Like, for example, if you're doing estate planning, you can say, hey, mom and dad, I was doing some estate planning and I was meeting with an attorney. voice-verified
Do you have an attorney? voice-verified
Or I met with my accountant today. voice-verified
Who is your accountant? voice-verified
Or things like, you know, we were starting to think about retirement planning. voice-verified
Are you comfortable in your retirement planning? voice-verified
Do you feel you're going to have enough money so that you'll be comfortable in retirement? voice-verified
Questions like that and making it seem that you're not out there for your money. voice-verified
That's the last thing you want parents to think that you're there for their money. voice-verified
You really want them to understand that you're asking these questions because you want to make sure they're in a good position. voice-verified
It's true. voice-verified
A lot of parents are actually afraid to start the conversation for any number of reasons. voice-verified
Sometimes there's a fear of being a burden to their children if they're not in a good situation. voice-verified
But the other feeling is that the children will feel that they are due the money somehow or they'll feel like it's owed to them or they won't spend it wisely. voice-verified
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