Retirement Realities
Retired couple on beach
retirement
Vow to talk finances before marrying again

Like a friendly home
Next
3 of 6
Back
Like a friendly home

If both partners own homes, they need to decide where to live. They might choose to buy a house together, or have one spouse move in with the other.

Montanaro says one key question must be answered: "If I sell my house and move in with you, what happens if you pass away (first)?"

Where to live is just one of the details involved in merging into marriage. Some couples may decide to keep their finances separate, or set up a joint account to pay household expenses.

Others may divvy up costs depending on each spouse's resources and interests. A husband who doesn't golf, for instance, may not feel like splitting country club dues with a wife who hits the links regularly. "Not everyone is created financially equal," Montanaro says.

The bottom line: Matrimony will be happier if a couple has a budget that "makes sense for them, based on the lifestyle they want," says Debra G. Speyer, a Philadelphia attorney.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.20%  0.07 4.27%
15 year fixed 3.27%  0.06 3.21%
5/1 ARM 3.53%  0.15 3.38%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.29% --0.00 4.29%
50K FICO-based HELOC 4.04% --0.00 4.04%
100K FICO-based HELOC 3.89% --0.00 3.89%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.98% --0.00 2.98%
60 month new car loan 3.24% --0.00 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.95%  0.04 0.91%
2 Year CD 1.15%  0.02 1.13%
5 Year CD 1.75%  0.01 1.74%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.77%  0.01 15.78%
Cash Back Cards 16.48% --0.00 16.48%
Low Interest Cards 10.96% --0.00 10.96%
 
Next
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Blog

Jennie Phipps

Bogle says make 401(k)s better

Vanguard founder John Bogle told Congress this week that 401(k)s need to improve if they are to be our main source of retirement savings.  ... Read more

advertisement
Partner Center
advertisement

Connect with us