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Q: My parents are in their late 70s and live on Canada Pension Plan and Old Age Security income. Whenever I bring up their finances, they change the subject or tell me not to worry. I love them and do not want to overstep, but I worry they do not have money saved to cover an emergency or a health scare and might go into debt. How do I start this conversation without making them feel judged or that they will lose their independence? —Diane

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FP Answers: Many adult children understand exactly how you feel. Their love for their parents is mixed with hesitation about crossing a line that has never been crossed before in the family. That discomfort is normal, and it does not mean the conversation is off limits. It simply means the approach matters as much as the message.

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A family meeting announced in advance can feel like an ambush for parents who value independence, and it may trigger defensiveness before anyone has even mentioned money. Instead, look for a natural opening such as a news story about a scam targeting seniors, a friend’s parent moving into assisted living or even your own retirement planning. Saying that you recently updated your will or beneficiaries, then asking whether they have done the same, can be a low pressure way to broach the topic.

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Keep the first conversation narrow. You do not need a full picture of your parents’ savings, pensions, debt and expenses in one sitting. Look for an opening that respects their pace and ask just one specific question. For instance, asking whether they have an updated will and power of attorney is concrete, practical and far less likely to feel critical than asking whether they have their debts under control.

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Power of attorney and estate documents are useful entry points for another reason. They focus on planning and protection rather than on whether someone has enough money. They can also reveal whether important decisions have already been thought through, such as who would step in if help were needed and how your parents would like to live as they age.

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Expect the subject to come up more than once. Parents who have spent decades managing their own money rarely share all of that information the first time it comes up. Rather than trying to understand everything at once, focus on a few practical details. Do they have legal documents, including a health care directive, in place? Do they have enough cash available to cover an unexpected expense? Does someone know where important documents are kept? Answers to those questions can provide reassurance and help identify any gaps that need attention.

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If your parents do open up and the numbers are tighter than expected, do not panic. CPP and Old Age Security cover basic living costs for many seniors, but rarely much beyond that, so a modest shortfall is common and often manageable with a plan. Seniors with a low income may qualify for the Guaranteed Income Supplement, a tax-free monthly top-up. Your parents can verify their eligibility on the federal government’s free benefits estimator. From there, a budget built around their real income and expenses can go a long way, and a financial planner who works with seniors can help sort out what is realistic without adding family tension to the mix.