Talking with an elderly loved one about their finances can be difficult as they may feel embarrassed or defensive. They belong to a generation that was taught to keep their information private and not to share their concerns openly. Even if they need help, they may be unwilling to talk to you because it's "none of your business," or because they're afraid to give up control over their own financial affairs. However, delaying the conversation could prove costly if you see warning signs of cognitive decline or an inability to manage their affairs.