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Having That “Money Talk” With Your Parents

Eddie Kramer
Mike Switzer/SC Public Radio

  If you have elderly or recently retired parents, you may have already held a family meeting with them to discuss financial and other issues that family members need to know about and can help with.  Or maybe you haven’t yet.  Family meetings can be sensitive and therefore a little tricky to handle diplomatically.  Our guest today brought with him some do’s and don’ts for talking, in particular, about money with your parents.

Mike Switzer interviews Eddie Kramer, a certified financial planner with Abacus Planning Group in Columbia, SC.  


After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.