we have financial advisor cameron mccarty on for some financial tips for the cameron mccarty planning. elder care. topics you plan to discuss when you're passing the turkey and gravy. but if your around for a few days over the thanksgiving holiday, you might want to consider making a date to talk about these important topics. financial professional cameron mccarty, owner of vivid tax advisory services is here to give us ideas on how to start the conversation and what should be covered. q. talking finances. why the thanksgiving holiday? i agree thanksgiving seems like a strange time to have this conversation - but for many families, this is the only time that everyone is under the same roof for an extended period of time. so take a break after the thanksgiving meal or after black friday shopping to discuss this important topic. i understand it can be a difficult people put this off. haven't had detailed their adult children (according to a study by fidelity). but nearly all those who've had these tough talks say they have greater peace of mind! q: how do you suggest parents start the c

cameron mccarty is registered with brokers international financial services, llc. (member sipc) which is not affiliated with vivid tax advisory reached in washington will keep the country out of default and avoid a partial government shutdown. it will also impact millions of americans and their finances. financial professional cameron mccarty, owner of vivid tax advisory services is here to explain the changes. q: one of the biggest changes is to social security. what happened here? this is the single largest change to social security in 15 years. the deal eliminates the "file and suspend" strategy for married couples and divorcees. here's how the file and suspend strategy has been used: the primary wage earner applies for benefits then suspends collecting. the other spouse immediately starts collecting spousal benefits, allowing the primary wage earner's benefits grow until he or she reaches age 70. eliminating this approach could cost millions of future retirees as much as $50,000 in lifetime benefits. the good news for current retirees is that if they have alrea

cameron mccarty is making a financial list and checking it twice of what you should be worried about this holiday season. cameron: i guess it is that to do list. the key here for the things we're going to talk about, especially the things financially, the clock does reset for a number of things. the first one is health. i want to mention really quick, a lot of companies offer flexible spending accounts. this is where employees can take money, put it into their account and use it for health care expenses. the question for your viewers, maybe make those doctor visits and use it because the time is taking. alyx: that flexible savings account could actually expire at the end of the year? cameron: it could. some are two and a half months after or a month after. alyx: just be familiar with your plan. what is number two? cameron: the next one is wealth. everybody has until the end of the year to contribute to your qualified plan, your 401(k), 403 b. if you do have this, take advantage of the matches. this is free money. the reason i say this is because i work with folks that are retired or c