Combining Finances With a Significant Other

As an advisor, many of my clients are married couples, or unmarried partners for whom we do combined financial planning. More and more, though, we are seeing couples who kept things separate and now want to know the best way to approach combining their financial assets. Perhaps it’s a newly married couple who now realize that raising a family might necessitate combined household budgeting and saving for college. Or it might be an older couple who are thinking about retirement, and who now really need to consider combining their financial households to better manage their goals and spending through retirement.

The following article talks about some good approaches to the stickier parts of combining financial lives, and shows why doing so has to involve both respect for each other’s needs, and good communication.

Wall Street Journal – When My Money and Your Money Becomes Our Money



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