Couples Who Combine Finances Are Happier. So Why Dont More Do It? Ep #286

Published: March 6, 2023, 9 a.m.

Do you combine your finances with your partner? If you do, chances are that you might be happier. In this episode of Retirement Starts Today, we\u2019ll explore a WSJ article written by Julia Carpenter titled\xa0Couples Who Combine Finances Are Happier. So Why Don\u2019t More Do It?

In addition to examining the benefits of combining finances, we\u2019ll take a look at the reasons couples choose not to pool their resources. Finally, I\u2019ll share my thoughts on why merging with your spouse's finances could be a boon to your retirement.\xa0

Make sure to stick around for the listener question segment. Bret and I discuss whether it is worth self-funding long-term care rather than purchasing long-term care insurance. Listen in to hear discover whether you\u2019re surprised by our response.

Outline of This Episode
  • [1:22] Couples who pool their finances are happier
  • [6:30] Do we recommend self-funding long-term care insurance?
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