Robyn’s story may feel familiar to many of us. As our parents grow older, it’s natural to start wondering: Do they have everything in place? Are they okay financially? What would happen if they suddenly needed help?

Having these conversations with our parents can feel awkward, even intrusive. Too often, families avoid talking about money until there’s a crisis. For many of our parents, money is personal. It carries emotions like pride, fear, uncertainty, or even guilt. But these are some of the most important conversations we’ll ever have.

It’s not about taking control but gently opening space to understand what matters most to them. What are their hopes for this chapter of life? Do they feel secure? And are there plans in place for the “what ifs”?

Start with the basics

You don’t need to cover everything in one sitting. Begin with small, thoughtful questions:

• Do you have a valid, updated will?
• Where are your important documents kept, like your will, medical aid info, bank details, and passwords?
• Have you appointed someone to act on your behalf if you’re unable to?
• Have you spoken about your wishes for medical care if something happens?

Even just knowing where documents are and who to contact can make an enormous difference in a time of need.

Talk about money, gently
These conversations can also open the door to understanding how your parents feel about their financial position:

• Do you feel confident that you have enough for what you need?
• Are you comfortable with your current budget?
• Is your financial plan still suited to this stage of life?
• Do you have adequate medical aid and long-term care cover?
• Are you working with a financial planner? And would you be open to introducing them to us?

If something needs attention, starting the conversation early gives everyone time to plan rather than respond to a crisis.

This is their time too
Retirement is a significant transition and not always an easy one. For many parents, work may have provided structure and purpose for decades, and letting go can feel like a loss. These conversations are also an opportunity to talk about what brings them joy now:

• What does a good life look like today?
• What brings you happiness, meaning, and connection?
• Is there something you’ve always wanted to do?

Many of our parents have spent years putting others first. These moments are a chance to reassure them that they’ve done enough. This is their time to enjoy what they’ve built and create memories with those they love.

You don’t have to have all the answers, and you don’t need to cover it all at once. But the earlier you start, the more confident everyone will feel about the road ahead.

Always remember, when it comes to your money, be inspired, be brave, and be on purpose.

Kim