Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Thursday, June 19, 2014

The Big Day Versus Retirement Planning

Wedding moneyThe average wedding today costs $30,000. However, there does not seem to be an average way of paying for the wedding, which varies from both parents pitching in to the couple themselves helping out to the cost going on credit cards. However the cost is split, the funds are cutting into retirement savings. Whether it is the aging parents loosing funds that could be stashed away or the young couple spending what they could be putting away for retirement on credit card payments, the skyrocketing costs of weddings is making eloping look better when planning for the future post wedding day.

See Carla Fried, Marrying Money: Big Day, Big Hit to Your Retirement, Bloomberg, June 16, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/06/the-big-day-versus-retirement-planning.html

Estate Planning - Generally | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a3fd211138970b

Listed below are links to weblogs that reference The Big Day Versus Retirement Planning:

Comments

Post a comment