MARRIAGE & MONEY Talking Finances Before Going down the Aisle By Lisa Peterson
he “I Do’s” are around the corner when the question of combining bank accounts is posed. It’s a question that could make the happiest of couples cringe. Years ago, it was standard for married couples to have joint accounts and use credit cards as a couple. Today, people are getting married older and can be financially established before marriage, making merging finances once they are married a complicated issue. “Every situation is different,” said Richelle Hofer, Wealth Advisor for Cornerstone Financial Solutions. “There are different solutions and it can depend on the spouses’ financial footing, and how saving and spending habits differ.” Hofer suggests couples get money issues on the table and have a plan. “Having a good financial management
SiouxFallsWoman.net | February/March 2019
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