I am a baby boomer. Both my parents are alive and in relatively good health, however, they aren’t getting any younger. I’ve attempted to discuss several of these topics with my dad over the past several years. He politely assures me he has it handled and that’s the extent of the conversation, however, I don’t know what that means nor do I have any knowledge of what he or my mother truly want.
A friend of mine is engaged and will marry soon. The fiancé’s dad passed away recently without any life insurance. This put the family in the position of having to pay for all of the funeral related expenses. With the average cost of a funeral running $10,000 or more, this can put a financial strain on the surviving spouse and adult children at a time that’s emotionally difficult
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