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10 Financial Considerations Before Getting Married
Most people want to get married and have a happy, healthy marriage. However, there are some things you need to know before getting married that will help you determine if you’re ready for the commitment of marriage, like whether you and your partner have similar goals when it comes to finances.
If you don’t share the same financial goals or one partner has debt they haven’t disclosed, these issues could lead to problems. To avoid these potential pitfalls and maximize the benefits of your union (and cash in on those sweet tax breaks), take time before saying “I do” to consider these ten financial considerations:
1. Consulting a Financial Adviser
A financial adviser can help you create a plan tailored to your individual needs. A good adviser will take the time to understand your unique situation and advise accordingly.
There are many reasons why an adviser is worth their weight in gold: they can help you with budgeting, retirement planning, insurance, and investment strategies.
2. Listing Your Financial and Non-Financial Goals
Before making any financial decisions, you must first list your goals. Your goals may include paying off student loans, saving for retirement, saving for a…
