Are you hiding these things from your financial advisor? If so, it's a bad idea

Excerpt from CNBC.com, published March 22, 2019

 
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Yet health and longevity factor into financial planning. In retirement, for example, the average couple is expected to spend $280,000 on health-care expenses alone, according to Fidelity Investments.

If you have a family history of a particular disease or you have a condition that affects your life expectancy, your advisor likely wants to know.

“A good advisor will think forward and figure out what it means for your plan,” said Eric Walters, a CFP and president of SilverCrest Wealth Planning in Greenwood Village, Colorado.

“For example, if your family has a history of Alzheimer’s disease or memory, you should know that caring for someone with that is a lot more expensive than some other health issues,” Walters said.

The bottom line is that to the degree you feel comfortable, it could be better to overshare information with your advisor than to withhold it.