Financial Steps to Take Before and After Your Wedding Day
Getting married is a huge decision. And it comes with a financial to-do list that's arguably more important than choosing a venue or a cake.
Here are three financial steps to take before your wedding:
After you're married, here are three more actions:
Honest conversations and careful planning can help you build a financial foundation as strong as your relationship.
This content was provided by Edward Jones for use by Alan Bell, your Edward Jones financial advisor at 222 Great Road Suite 8 Littleton, MA 01460. 978-486-1059.
Edward Jones, Member SIPC
Here are three financial steps to take before your wedding:
- First, share your income, spending habits, savings and any debts, like student loans or credit cards. Remember, your partner's debt can become yours after marriage.
- Next, decide if you'll combine all your accounts, keep everything separate or land somewhere in between.
- Finally, discuss your financial goals. Make lists of your short, medium and long-term dreams and find common ground.
After you're married, here are three more actions:
- One: Update your employer benefits, like health insurance, usually required within 30 days of getting married.
- Two: Review and possibly change the beneficiaries on checking, savings and investment accounts as well as your retirement plans and insurance policies.
- And three: Update your tax withholding to reflect your new status.
Honest conversations and careful planning can help you build a financial foundation as strong as your relationship.
This content was provided by Edward Jones for use by Alan Bell, your Edward Jones financial advisor at 222 Great Road Suite 8 Littleton, MA 01460. 978-486-1059.
Edward Jones, Member SIPC