Invitation: How to Talk Money With Your Family

October 28, 2022

Join Perigon for our next Women’s Conversation Circle

BY: Rachel Elson, Mary Ballin, Andrea Hamilton, and Anne Sapp

For many of us, money is a taboo subject within the family. But financial conversations can also be important and even necessary. What do existing estate plans look like? Do older generations intend to contribute to grandkids’ college or wedding bills or give everything to charity? Do family elders have enough to support themselves without family assistance? Do we need to add “financial support to parents” to our own financial plan?

As the holidays approach, many families have an opportunity to sit down and discuss some of these important issues face to face. The conversations can be challenging, though, so for our next Women’s Circle, we wanted to get together and talk about some best practices that we have used.

What’s your strategy for tackling these weighty topics? How do you prepare for the conversation? Is it trickier with parents than with adult children – or vice versa? How do you create a safe space?

Talking Money With Your Family

When: Tuesday, November 15, 2022
Time: 4:00pm – 5:30pm Pacific Time
Where: Online via Zoom – we’ll send out a conference link the week of the circle
RSVP: conversationcircles@perigonwealth.com

Please be prompt. The Zoom room will close to new participants at 4:05; latecomers are a distraction. We promise to be done at 5:30 pm PT.

Please feel free to share with other female friends, colleagues or family members who would be interested in joining us.

Circle space is limited to keep the circles intimate, and to let everyone who wants to participate have the time to do so. If there’s enough interest, we’ll add a second session.

Want to join us? Send us an email and we’ll add you to the mailing list for this and future events.

Perigon Wealth Management, LLC is a registered investment adviser. More information about the firm can be found in its Form ADV Part 2, which is available upon request by calling (415) 430-4140 or by emailing compliance@perigonwealth.com

Written by Rachel Elson

Latest Insights

Global Market Commentary October 2022

Global Equities rallied 6.03% in October following September’s worst monthly showing since the Coronavirus pandemic shook global markets in March 2020. Still, the MSCI All-Country World Index remains in bear market territory and is down 21.14% on the year – marking its third-worst 10-month start to a year since the 2008 financial crisis and the 2001 dot-com collapse. In the U.S., equity indexes finished higher following a GDP report that came in above expectations growing 2.6% in the third quarter.

Last Week in Review – November 4, 2022

Last week stocks fell after the Federal Reserve dashed market hopes for an impending pivot in monetary policy in the form of a pause or slower pace of rate hikes. The technology-heavy Nasdaq Composite Index was hit particularly hard as growth stocks declined more than value companies. The Dow Jones Industrial Average held up much better, extending its relative outperformance from October.

Last Week in Review – October 21, 2022

Last week equities recorded substantial gains as investors appeared to react to some prominent earnings reports and hints that the Federal Reserve might moderate its pace of interest rate hikes. The S&P 500 Index enjoyed its best weekly gain in nearly four months, while the Dow Jones Industrial Average marked its third consecutive week of gains. Energy shares outperformed within the S&P 500 as oil prices proved resilient despite announcing a U.S. Strategic Petroleum Reserve release. The small real estate sector lagged. Trading remained active and volatile due to the expiration of USD 2 trillion in options contracts on Friday.

Last Week in Review – October 14, 2022

Last week, most major indexes were lower as third-quarter earnings reporting season began in earnest, and investors weighed inflation data and their implications for Federal Reserve policy. By the end of the week, the S&P 500 Index had surrendered nearly half of its gains since its March 2020 bottom. Within the index, the typically defensive healthcare and consumer staples sectors outperformed. In contrast, consumer discretionary and communication services shares lagged, dragged lower by heavily weighted Amazon.com, Tesla, and Meta Platforms (parent of Facebook). Likewise, slower-growing value stocks handily outperformed their growth counterparts.

Last Week in Review – October 7, 2022

Last week stocks ended higher for the first time in four weeks. Still, they surrendered most of their gains, as some data suggested that the economy was not slowing enough to satisfy Federal Reserve policymakers. The energy sector was the standout performer in the S&P 500 Index as oil prices surged following a decision by major exporters to cut global production. Volumes were muted as investors awaited the start of the earnings season, and some observed the Yom Kippur holiday.