Caring for Parents Planning for the Future with Beth Pinsker (ep.101)

Описание: Only about 30% of Americans have a will—and even fewer have powers of attorney or health care proxies. 🎙️ In episode 101 of Boldin Your Money podcast, MarketWatch columnist and CFP® Beth Pinsker, author of My Mother’s Money, shares what caregiving for her mom taught her about the painful gap between knowing and doing.

With host Steve Chen, Beth breaks down real world frictions: how to pay caregivers when assets are illiquid or tied up in annuities, why banks reject POA paperwork, and what to do when siblings disagree or guilt creeps in. She explains the cash-flow playbook families need before a crisis hits, from establishing authorizations and beneficiaries to setting up legacy contacts on phones and key apps.

You’ll also hear how Social Security changes when a spouse dies, common misconceptions about probate, and when a fee-only fiduciary or elder law attorney can save time and heartache. Ultimately, Beth reframes inheritance as “Bubby money”—spending that honors a loved one’s values—and makes the case for investing in health and lifestyle now.

👉 If you’re caring for parents, preparing for your own later years, or building an intergenerational plan, this conversation delivers clear, compassionate steps you can act on today. Practical, empathetic, and immediately useful for busy families.

🔑 Key Topics Discussed:
✅ The 3 docs families need now: POA, health care proxy, will
✅ Beneficiaries/TOD deeds to avoid probate delays
✅ Caregiving cash-flow systems and bank authorizations
✅ Liquidity traps in annuities/403(b)s and what to ask advisors
✅ Social Security changes after a spouse dies
✅ Family governance: siblings, guilt, ethical trade-offs
✅ When fee-only planners and elder law attorneys help
✅ “Bubby money”: aligning spending with values and healthspan

Timestamps:
00:00 Intro & why this matters now
01:34 Beth’s path to CFP® & financial journalism
04:38 The “knowing vs. doing” gap in estate planning
06:46 Paying caregivers: cash-flow, checks & authorizations
10:14 How many of us are caregiving? Scope & stats
16:21 Social Security shocks when one spouse dies
23:55 Estate logistics after a death: what no one tells you
29:35 Annuities, 403(b)s & liquidity when care starts
35:31 Money + emotions: siblings, guilt & hard trade-offs
41:31 Health span to wealth span: living the life you want
45:24 Concrete to-dos: POA, proxies, beneficiaries, legacy contacts
50:26 Where to get help & Beth’s closing advice

📌 Start building your financial plan for free at Boldin: https://go.boldin.com/podcastep101
📘 Pre-order Beth Pinsker’s Book: My Mother’s Money: A Guide to Financial Caregiving: https://amzn.to/4mTKxyZ
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