Most couples have a hard time talking about money. Yet, it’s one of the most important conversations you can have. Especially if you’re heading into a second marriage. Life is more complicated the second time down the aisle. The 5 money talks proven to help a second marriage.
When you get married, each spouse comes from a completely different financial background. Emotional and financial baggage complicate things.
1. Disclose all financial accounts, habits, liabilities, and even your credit
When you remarry, your divorce settlement plays a role in your financial obligations.
- Do you owe child support or alimony?
- Did your retirement account take a hit?
- How long will you pay child support or alimony?