Welcome back to Don’t Retire… Graduate! As part of our summer throwback series, we’re bringing back our very own Lena Nebel, CFP®, Chief Operating Officer here at BFG Financial Advisors. This episode, originally released in Season 3, dives into the topics around marriage that people don’t necessarily want to talk about, like how much to spend on the engagement ring, how to ask for a prenup, and what to do when you and your partner don’t agree on money topics.
In this episode we’ll talk about:
- The major purchase of engagement rings and best practices for budgeting, choosing a ring, and getting it insured
- When to talk about finances with your partner and what you should be talking about
- Who should be considering a prenuptial agreement and how do you address it
- Roles and responsibilities in the relationship and how to merge them as a couple
- Combining finances and determining which account should be separate and who is financially responsible for what
- Finding the happy medium when a spender marries a saver
- How to handle inheritances after marriage and determining if it’s a marital asset
- Estate planning as a married couple
- Looking at benefits and beneficiaries with the possibility of widowhood in mind
Visit dontretiregraduate.com for a full transcript of this episode.
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