How to help your retiring parents make investments

Financial advisor talking to a senior couple at home. FILE PHOTO | NMG

Discussing finances in our African households is never easy. It is even harder when you have to have this conversation with ageing parents who have always strived to give you the best. However, it is necessary when you may need to harvest your resources for their care.

If your parents have been retired for a while and you have been putting off the financial planning conversation for a while, the time is now. If your parents are just nearing retirement, better sooner than later.

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Note: The results are not exact but very close to the actual.