While marriage, death, and divorce all have very different emotions and connotations associated with them, the one common bond they have is money in motion.
The concept of making more money than you spend is not revolutionary, complex, or new; yet many Americans struggle to save for retirement because they overspend. More often than not, it’s the carefree daily or weekly spending habits that lead to excess consumption which ultimately results in a reduced savings rate.
Marriage is certainly an exciting time in life that is filled with joy and exuberance. However, once the honeymoon is over and life sets back in, you may soon be faced with the reality that as a married couple you need to reevaluate your financial situation to create a plan for two, not two individual plans.
3 Questions to Ask Yourself before Determining Your Retirement Housing Needs