Friday, October 28, 2016
In marriage, most couples recognize that communication and shared goals are the keys to a happy marriage. Oftentimes, however, money and financial goals are not discussed, leading to financial unease. In order to meet their invsting and retirement goals, couples need to refine their planning. First, couples must communicate about their goals and disucss priotities. Additionally, each spouse should voice the goals that they find most imorptant. Asking questions always helps to identify differences and concerns, so that there is room for compromise. On the other hand, it is important to plan for the worst-case scenario to assure yourselves that you have the financial means to cope. While keeping these tips in mind, couples should consider future care needs and estate planning in their goals as well.
See Robert Warner, Are Couples on the Same Financial Planning Page?, Wealth Management, October 26, 2016.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.