Weekend Reading: The Dangers of Ignoring Financial Planning When You're in a Couple

This article appears as part of Casey Weade's Weekend Reading for Retirees series. Every Friday, Casey highlights four hand-picked articles on trending retirement topics and delivers them straight to your email inbox. Get on the list here.
Weekend reading financial planning as couples Weekend reading financial planning as couples
Weekend Reading

Are you and your spouse or partner aligned on your financial future?


Coming together: In an ideal world, you and your loved one set common goals and analyze how your financial strategy can help you meet them. On the flip side, some relationships include a partner who might be disengaged in the financial planning process. In these instances, you may find the result is a lack of crucial information about assets and future income resources. To ensure a successful financial plan despite differing levels of engagement in a relationship, here are some strategies to consider:

📌 Agree on needing a financial plan, even if one partner is more enthusiastic.

📌 Determine roles for tasks like scheduling meetings, organizing information and setting appointments.

📌 Establish regular financial discussions to keep your plan on track.

📌 Consider working with a trusted financial advisor who can help with follow-through and planning execution.

You likely share the same or similar values with your partner on many aspects in life, so how can you leverage these to build your financial future together? Look for fun ways to bridge any gaps of disengagement, such as money dates, and you’ll find you reap rewards of greater financial wellbeing and a stronger relationship.