How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their late in life marriage. Kay gives us some insight on how to...
Show Notes
How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their late in life marriage.
Kay gives us some insight on how to manage finances in a financially unbalanced relationship. You’ll appreciate her perspective on how to manage the household cash flow when you haven’t always been married.
Make sure to stick around to hear an update from Sam, our single Retirement Plan Live case study from 2018. She’ll let us know how she’s been doing, what has surprised her about retirement, and whether her retirement plan has changed. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLAN LIVE
- [6:40] A comment about this RPL
- [8:12] How to discuss uncomfortable topics with your partner
- [13:56] Some examples of how separate assets can work
- [19:03] Chatting with Kay about her relationship and prenup
- [25:14] How they managed cash flow after they married
- [31:40] How they navigated the financial challenges in their marriage
CATCHING UP WITH SAM FROM THE 2018 RETIREMENT PLAN LIVE
- [34:18] What Sam has been up to since we last chatted
- [38:01] How she has dealt with the ups and downs of the markets
- [42:26] Does her retirement plan look the same?
- [44:41] What has surprised her about retirement
TODAY’S SMART SPRINT SEGMENT
- [50:24] Think about how you will manage your cash flow in retirement
What is Retirement Answer Man?
A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com