Wealth gap: How generational wealth transfer plays a role

In this episode of Decoding Retirement, America’s definitive voice on retirement, Robert 'Bob' Powell speaks with Lazetta Rainey Braxton, founder and managing principal at The Real Wealth Coterie to discuss everything you need to know about generational wealth transfer, the wealth gap, and how to have "the talk" with family members. Communication is vital when you're planning for the financial future of yourself and loved ones. It's important to be strategic when planning those tricky conversations with your family when ensuring everyone's financial wellbeing. Retirement planning doesn’t mean locking up your money for a rainy day and forgetting about it. Planning your future means reacting to events today. Decoding Retirement gives you the tools to navigate the years ahead, and take action now! Each week, Robert 'Bob' Powell will dissect the big headlines, decode key themes, and unpack the possible domino effect for your money. When it comes to retirement planning, Robert Powell and Yahoo Finance will not let you fall behind! Find this episode and more episodes of Decoding Retirement at https://finance.yahoo.com/videos/series/decoding-retirement. Thoughts? Questions? Fan mail? Email us at [e-mail]. :40 - The wealth gap between men & women 2:40 - How to value human capital 5:25 - Generational wealth transfer 8:15 -Educating family on personal finance 12:20 - The importance of "The talk" 16:15 - How to have "The talk" 19:45 - Long-term care Yahoo Finance's Decoding Retirement is hosted by Robert Powell, and produced by Austin Rivera. Robert Powell holds several prominent positions within the financial industry. He serves as the editor-in-chief of the Investments and Wealth Institute's (IWI) Retirement Management Journal, the world's first peer-reviewed journal solely dedicated to retirement income. He also hosts the Exceptional Advisor podcast by IWI. Powell is both a Certified Financial Planner® and Retirement Management Adviser® certificant. Lazetta Rainey Braxton is a certified financial planner and the founder and managing principal of The Real Wealth Coterie, a wealth management and RIA firm. Braxton is also the founder of consulting practice Lazetta & Associates. In both roles, Braxton equips individuals and leaders to align their balance sheets and P&Ls with their vision and values, achieve sustainable wealth and profits through amplifying human capital, building dynamic internal and external professional teams to enhance financial and business planning, and balancing IQ and EQ for optimal engagement at home and work. Learn more about your ad choices. Visit megaphone.fm/adchoices