In this episode of Journey to Launch, I’m joined by Beth Pinsker, financial planning columnist for MarketWatch, Certified Financial Planner, and author of My Mother’s Money: A Guide to Financial Caregiving. Beth shares her personal and professional insights on what it really takes to manage a loved one’s finances and why preparing now can save you (and your family) heartache, time, and money later.
We talk about the realities of caregiving from setting up power of attorney and health care proxy forms, to navigating long-term care insurance and estate planning. Beth’s own journey caring for her mom opened her eyes to how unprepared most of us are for this role and inspired her to create the guidebook she wishes she’d had.
In this episode, Beth also shares:
- How to proactively start financial caregiving conversations with your parents or adult children even when it feels uncomfortable
- The real cost of caregiving (and how to plan for it before it derails your financial goals)
- How to handle sibling dynamics and avoid conflict when managing a parent’s money
- he importance of updating beneficiaries, wills, and trusts and why it’s easier than most people think
Check out the video to this episode on YouTube here.
Other related blog posts/links mentioned in this episode:
- Read Beth’s book, My Mother’s Money: A Guide to Financial Caregiving
- Get your copy of Your Journey To Financial Freedom if you haven’t already.
- Apply to Share Your Journeyer Story, here.
- Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here!
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- Check out my personal website here.
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- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
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Connect with Beth:
- Website: BethPinsker.com
- Instagram: @bethpinsker_ny
- Bluesky: bethpinsker.bsky.social
Connect with me: