#030: Second Marriages and Blended Finances

So you find yourself retiring in a second marriage? This week’s episode is full of useful information and fascinating stories about one of the most complicated family situations: Second marriages.

There is so much to consider: Social Security benefits, pensions, other benefits, children, houses, long-term care insurance, and much more.

Steps you need to take before you have a second, or subsequent, marriage:

• Take a good look at the person you are marrying, including their financial situation.
• Consider your current situation, including any benefits that come from your previous marriage.
• Meet with an experienced, knowledgeable estate planner to explore all of the possibilities.

Highlights include:

• How community property states are different.
• Why a prenuptial agreement is a good idea, especially for second and later marriages.
• The most overlooked aspect of financial planning for second marriages.  You don’t want to miss this!

You won’t want to miss a minute of the conversation about this oh-so-important topic.

Do you have a question for Devin and John?  Send them to questions@bigpictureretirement.net.