Mom, please pass the sweet potatoes; pass the turkey; pass the financial planning?
You survived Election Day, Halloween and curriculum night at school. Next up are Thanksgiving, Hanukkah (sunset of December 2nd, and St. Nicholas Day, St. Lucia Day, school pageants, pantos, Christmas, and winter school holidays. The Super Bowl is February 3rd, and Chinese New Year is on February 5th. Will you be seeing a lot of family in the next 8-12 weeks? I reckon so.
Sometimes family members you’ll see once a year; others you see more regularly and it’s your siblings that ‘pop in’ for a Turkey/Game Hen/ Tofu/Field Roast dinner. Lots can change with your parents or other family elders in a year, even six months.
Some things to consider:
- 1.If your relatives are asking for some help, or ruminating about how they are having trouble “keeping up with the paperwork” this year, pay attention.
- Listen carefully to any stories about telephone fundraising for groups you have never heard of. Be patient so you can get the entire story.
- Urge relatives to never give to groups they are not familiar with, or who have called them first, or groups that sound like established non-profits (but aren’t).
- You can help check groups out here at give.org or at Charity Navigator or another charity evaluator organization.
Save and Invest.org has an informative PDF called Fighting Fraud 101 that you may wish to read or share this year.
Another turkey dinner topic is a family member’s health, or deaths of other loved ones. This can also be a good opportunity for you to ask some hard questions of your elders. (It is often hard for both parties, but you are doing it because you wish to respect their values as much as possible).
- Where is your will located?
- Who is your doctor and do you have a current Health Care Directive (they are different for each state-here is the WA one) or POLST on file?
- Do you have a Long Term Care insurance policy and what company is it with? Did you purchase the inflation rider?
- What are your thoughts on “heroic measures”, “a ventilation tube”, quality of life and palliative care?
Please take the time to add a financial planning course to your holiday meals and visits this year.
Your mom and dad may thank you (perhaps not right away!) and it is time well spent.
- POLST – A better way to die (bangordailynews.com)
- Death in the Family-More Transparency Please
- Have a Caring Conversation This Holiday Season (nhpco.org)
- EDITORIAL: ID thieves may have your number (hispanicbusiness.com)
- Does Eating Turkey Make You Sleepy? Most Experts Say No. (wafflesatnoon.com)
- Book: A Year to Live: How To Live This Year As If It Were Your Last by Stephen Levine