THE M WORD
The Money Talk Every Family Needs to Have About Wealth and Their Financial Future
Lori R. Sackler
with Toddi Gutner
I recently attended the book signing of a wonderful and much needed book on Family Financial advice by Lori Sackler,author of "The M Word"- The Money Talk Every Family Needs to Have About Wealth and Their Financial Future. As the author Lori Sackler talks, you know immediately that she knows what she is speaking about- and has a wealth of knowledge and experience to share with her clients and readers.
Take a quick look at what you will find out when you read through the pages — it is quite compelling and can help you take the next step.
"The most taboo topic in American homes today is money. It seems as though we can discuss every sort of outrageous subject but family finances. However, lack of communication about money can mean the difference between leaving heirs cared for and comfortable or embroiled in an endless sibling brawl that can destroy family
relationships and finances. The problem is all too common: generational
transfer of wealth fails 70 percent of the time, according to research by top
experts at MIT and The Economist.
It doesn’t have to be that way. In THE M WORD The Money
Talk Every Family Needs to Have About Wealth and Their Financial Future (McGraw-Hill;
March 15, 2013; $30.00) financial planning expert Lori Sackler draws from her personal experience to show families how to communicate about money matters through all of life’s great transitions—changes in financial circumstances, remarriage and blended families,retirement, illnesses, preparing heirs and transitioning wealth. “The bottom line is that families that do not talk about money can ultimately lose their family and their money,” says
Sackler."
To prevent that, Sackler takes readers step by step to create an
infrastructure that will support good communication, including:
- EASING THE
TRANSITIONS: Just about every key life event is also a money event.
Learn what conversations need to take place around relevant topics and
issues. - PREPARING THE
INNER LANDSCAPE: How to spot the roadblocks that can keep your family
from communicating successfully. - HOW TO TALK
THE TALK: Using professional techniques to make family conversations about
painful topics more productive and successful. - PICKING THE
PROS: THE M WORD helps families choose the right professionals to
guide families through the increasingly complex financial world. - KEEPING THE
LINES OPEN: Money talks cannot be one-time events. Ongoing strategies
will sustain families through all of life’s most challenging
circumstances.
The result is a family that can draw on one another for love and support. “Learning how to overcome the money taboo and having productive financial conversations with your loved ones about life transitions is not a panacea for family dysfunction.
But it will go a long way to making your financial and emotional lives a great
deal healthier and preserving family unity,” says Sackler.
Lori R.
Sackler is
a Financial Advisor and Senior Vice President at Morgan Stanley Wealth Management where she leads the Sackler Group. Her team is dedicated to
successfully guiding individuals and families through life transitions. Sackler
is a Certified Financial Planner®, Certified Investment Management Analyst® and
non-practicing Certified Public Accountant. She is also the creator and former
host of the radio show “The M Word” on WOR in New York City.
THE M WORD
The Money Talk Every Family Needs to HaveAbout Wealth and Their Financial Future
By Lori R. Sackler with Toddi Gutner
McGraw-Hill; March 15, 2013, $30.00
Order it today