Season 2

How to downsize your home and reduce financial stress

Episode Notes

If you’re thinking about moving to a smaller home, you may want to begin this process by figuring out what you need to keep and what you can get rid of. In this episode, David Ekerdt, a sociology professor at Kansas University and author of Downsizing: Confronting our Possessions in Later Life, reveals that many older people find this process to be a major source of tension and emotional duress, especially if they have a short timeframe for getting rid of things. Often their children and grandchildren aren’t interested in taking their china, silverware or furniture. Or no wants to buy the collectibles and artwork they thought would bring in a small fortune. Or the charities they’d like to donate things to are overly picky. A process that they thought would be done quickly can sometimes takes months. To lessen this stress, parents should invite their children to either “claim” or take items they want long before they plan to move to a different location. The earlier they shed the things they no longer need, the less they’ll have to deal with later on.

Recent Podcasts

Season 6
2022 Year-End Tax Planning Tips

Show Episode Notes

Terry, Pam and Richard share their best end-of-the-year tax moves to make right now.

For further research:

Season 8
Are alternative investments right for you?

Show Episode Notes

With the stock and bond markets delivering lousy returns this year, some investors are wondering whether to add so-called alternative investments to their portfolios. In this episode, Pam, Terry and Richard discuss the risks of investing directly in unregulated asset classes like gold, real estate, commodities and even cryptocurrency and suggest ways that investors may be able to use publicly traded securities to gain indirect exposure to these alternative asset classes with lower risk.

 

Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage

Richard-Eisenberg

Richard Eisenberg

Stay Tuned Into Friends Talk Money

Copyright © 2021 FriendsTalkMoney.org