First Marriage

Gone are the days when the majority of young men and women married right after high school or college and barely had two nickels to rub together. Today, many couples are delaying marriage, often well into their thirties. Those couples come into the marriage with established careers, 401(k)s, investment accounts, homes, debt and their own money personalities. Friction about money is high on the list of causes of stress between spouses. Often it’s not the lack of money that is at the root, but the incompatibility of the couple’s money management styles. The first step is to identify each of your money personalities.

Even couples with very different money personalities can live happily if they commit to open and frequent communication about their finances.

We work with couples to:

  • Identify each of your money personalities and potential areas of conflict
  • Help you develop a comfortable arrangement for managing “his, her and our” money
  • Discuss your beginning life goals and determine the costs to achieve them
  • Create a roadmap for your new financial life
  • Meet with you as changes occur in order to update your plan and address your concerns

Re-marriage

Couples marrying for the second or more time enter the marriage with potentially complicated finances. Not only do they bring their own assets, debts and credit histories, but established financial management styles as well. They may have their own investment managers, CPA’s, financial planners and attorneys. They may own businesses and have financial obligations to children and ex-spouses. Perhaps they have even signed a pre-nuptial agreement. However, that prenuptial usually focuses on the financial settlement in case they divorce. It doesn’t address how the couple will handle their merged financial lives.

We work with remarrying couples to:

  • Identify each spouse's money personality and potential areas of conflict
  • Facilitate communication regarding areas of financial concern
  • Define spending plans for you as well as for "your, my and our" children
  • Review "your, my and our" incomes, assets, debts, education funding, retirement plans, estate planning documents and insurance
  • Identify life goals and the funds needed to achieve them
  • Provide a roadmap for achieving financial goals
  • Identify any additional risk management protection needs
  • Suggest investment management and spending plan changes where appropriate

We stay involved. We meet with you annually or when significant changes in your financial situation occur to update your financial plan and track your progress.