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Should You Help Family with Money? Boundaries, Trade-Offs, and a Safer Plan
Manage episode 517829557 series 2363800
PWL Capital Portfolio manager, Dan Bartolotti, walks through how to support parents or relatives in financial trouble without sinking your own plan. We discuss assessing whether you can help via a real financial plan (not back-of-the-envelope), setting clear boundaries to avoid enabling overspending, and deciding when “strings attached” make sense. You’ll hear best practices for sibling coordination, navigating incomplete info or embarrassment, and preparing for cognitive decline with tools like trusted contacts and powers of attorney.
288 episodes
Manage episode 517829557 series 2363800
PWL Capital Portfolio manager, Dan Bartolotti, walks through how to support parents or relatives in financial trouble without sinking your own plan. We discuss assessing whether you can help via a real financial plan (not back-of-the-envelope), setting clear boundaries to avoid enabling overspending, and deciding when “strings attached” make sense. You’ll hear best practices for sibling coordination, navigating incomplete info or embarrassment, and preparing for cognitive decline with tools like trusted contacts and powers of attorney.
288 episodes
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