6 Money Questions to Ask Your Mate Before Getting Married admin Wednesday, March 19, 2014 Power Moves While engaging in my daily ritual of reading the Wall Street Journal, I came across some information/opinion that I strongly believe in. The article pinpointed several money-related things a couple should talk about before walking down the aisle. Charles Rotblut, VP of the American Association of Individual Investors, says that is important that significant others fully understand what they are getting into before marriage. From a financial standpoint, future married couples oftentimes worry only about how much debt they have or not. But, there are other concerns that the couples should be willing to talk about and resolve, if necessary. Here are those topics to discuss… 1. How much each person have saved 2. What debts they owe 3. How fiscally responsible (or irresponsible) they are. 4. Family obligations (i.e. caring for a parent and/or children) 5. Alimony payments or income 6. Social Security benefits (for older couples); new marriages will impact divorce spouse benefits and could impact survivor benefits. Rotblut suggests hiring a professional who fully understands Social Security benefits. The adviser can ensure that the right decisions are being made. The additional discussion topics listed above can be detrimental to a relationship. If the couple is serious about making their relationship and/ore marriage withstand any financial obstacles, then communication is key. Through one-on-one talks, all money concerns will be out in the open. This will make it easier for couples to resolve issues concerning their pockets or the bank.
