This week, Craig Siminski, of CMS Retirement Income Planning, shares five key financial topics to discuss before saying “I do.”
If you are engaged to be married, or expect to be soon, it’s important to consider how this change in the relationship (and legal status) will affect your finances. Discussing the following topics well in advance may keep surprises and disagreements from disrupting your newlywed bliss.
Share Debt Stories: Many Americans bring college debt into their marriages, and some individuals have had severe credit challenges. Taking a close look at both credit reports may help resolve debt and credit issues before they spiral out of control.
Discuss Banking and Bill Paying: Working together to prepare a preliminary household budget may help you start off on the right foot. If you decide not to pool all your income and assets, make sure you clearly define what belongs to each of you separately and what responsibilities you will share. Some married couples use …
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Craig Siminski is a CERTIFIED FINANCIAL PLANNER™ professional, with more than 21 years of experience. His goal is to provide families, business owners, and their employees with assistance in building their financial freedom.
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