We’re back with a bonus episode on resolving financial tension between couples! After popular demand, we’re exploring five more common areas of financial tension: retirement housing, emergency funds, handling inheritances, insurance, and spending habits. Stay tuned to learn how advisors like Lee work to resolve conflicts in these areas as they arise.

Throughout this episode, Lee emphasizes the importance of open communication between partners to understand each other’s financial goals, preferences, and concerns. He also stresses the benefits of seeking professional advice and planning to help navigate complex financial matters and avoid potential conflicts.

Here’s what we’ll discuss in this episode:

  • Couples may face tension when deciding where they want to live in retirement. Financial considerations, such as the cost of moving and downsizing, can influence this decision.
  • Couples may have different risk tolerances and views on how much to keep in an emergency fund.
  • Inheritances can cause tension if there are disagreements about how to use the money. Some may want to pay off debt, while others may want to enhance retirement savings or lifestyle.
  • Couples may have differing views on insurance needs, such as life insurance and long-term care insurance. Finding a balance between adequate coverage and cost can be a point of contention.
  • Establishing a budget and allocating individual spending money can help avoid conflicts.

If you have any questions about what we discuss, set up a meeting with us anytime by visiting TalkWithLee.com.