The couple, 69 and 75, have started several businesses over the years and have discussed those with the kids, Jeff, now 41, and Kristi, 45, since they were in college. "It lets the family know that this topic is okay to talk about."Ĭharlotte and Dave Nielson of Oviedo, Fla., have always been open with their kids about money issues, the way their parents were with them. "Discussing major financial decisions is good for tilling the soil," says Ruth Nemzoff, author of Don't Bite Your Tongue: How to Foster Rewarding Relationships With Your Adult Children (Palgrave Macmillan). The earlier you begin talking about money with the kids, the better.
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