In today’s episode, I speak with Rabbi Jeffrey Wildstein of KAVOD Daily Money Management about the awkward conversations many adult children have with their aging parents about finances. We discuss the signs that a parent may need help with daily money tasks and how to approach this conversation when the time comes. Jeffrey offers insights into common roadblocks for aging parents and adult children and how to overcome them. 

Rabbi Jeffrey Wildstein has spent his professional life assisting all kinds of people in a wide variety of situations. He served as a congregational rabbi for fourteen years where he was intensively involved with the financial aspects of program management and counseled hundreds of people with care, compassion, and respect. Jeffrey has practiced law, been a colleague administrator, worked as a field organizer for a political campaign, and authored one book on Judaism and co-authored another on Connecticut Tort Law. When his father died, he helped his mother with her finances and discovered his passion for helping others manage their financial lives.

Listen to this podcast and discover:

• Why talking about finances with an aging parent can be so triggering
• The signs that indicate a parent needs help with daily money tasks 
• How to approach this conversation to get the best results
• Why some aging parents are relieved to receive assistance
• How a daily money manager can help

Want to connect with Jeffrey? Here’s how: 

• Website: KABOD Daily Money Management
• LInkedIn: Rabbi Wildstein
• Phone Number: 617.600.8656

Resources:

• American Association of Daily Money Managers
• National Elder Fraud Hotline 
• The Silent Epidemic: Elder Financial Abuse Podcast