#030: Second Marriages and Blended Finances
So you find yourself retiring in a second marriage? This week’s episode is full of useful information and fascinating stories about one of the most complicated family situations: Second marriages. There is so much to consider: Social Security...
So you find yourself retiring in a second marriage? This week’s episode is full of useful information and fascinating stories about one of the most complicated family situations: Second marriages.
There is so much to consider: Social Security benefits, pensions, other benefits, children, houses, long-term care insurance, and much more.
Steps you need to take before you have a second, or subsequent, marriage:
- Take a good look at the person you are marrying, including their financial situation.
- Consider your current situation, including any benefits that come from your previous marriage.
- Meet with an experienced, knowledgeable estate planner to explore all of the possibilities.
Highlights include:
- How community property states are different.
- Why a prenuptial agreement is a good idea, especially for second and later marriages.
- The most overlooked aspect of financial planning for second marriages. You don’t want to miss this!
You won’t want to miss a minute of the conversation about this oh-so-important topic.
Do you have a question for Devin and John? Send them to questions@bigpictureretirement.net.
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Don’t miss the Big Picture Retirement Planning Cheat Sheet. We've distilled the essential brackets, thresholds, and rules of retirement into an easy-to-digest, three-page summary. https://www.carrolladvisory.com/pl/2148282517
Want to ask Devin or John your question? Just visit https://www.bigpictureretirement.com/ and look for the tab on the right side that says “Send A Voicemail.”
Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms.
Contact Devin’s team at https://www.carrolladvisory.com/
Contact John’s team at https://www.rossandshoalmire.com/
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