973-786-3696
info@steffensfinancial.com
Client Login

Marriage

Many people mistakenly believe that financial advisors are only necessary for the wealthy or those nearing retirement. In reality, a financial advisor can be valuable at various stages of life, especially when preparing for big life changes such as marriage.

Marriage

Marriage

During transitions such as marriage, it's crucial to work with a financial advisor to address key issues such as merging or dividing assets, updating tax strategies, managing retirement accounts, and adjusting estate plans.

A financial advisor can help you make informed decisions and protect your long-term financial well-being while planning for a shared financial future.

To Combine or Not Combine?

  • Pros and cons of joint vs. separate accounts
  • How to split bills fairly, while taking into account income disparities
  • Creating a joint budget 
  • Setting shared vs. individual financial goals

Tax Implications

  • Filing jointly vs. separately
  • Marriage penalty or bonus: how your taxes might change
  • Planning for new tax brackets or deductions (i.e. child tax credit)

Legal & Beneficiary Updates

  • Updating wills and estate plans
  • Changing beneficiary designations
  • Creating a financial power of attorney and healthcare directives 

Insurance Adjustments

  • Combining health insurance: deciding whose plan to use 
  • Life insurance needs, especially with children or shared debt
  • Disability insurance as income protection

Financial Conversations To Have Before Saying

'I Do'.



Money touches and affects everything in our lives. And for married couples, it can often be a major source of stress. This guide walks you through a simple checklist for engaged or newly married couples to approach these topics.



Download The Checklist Here

6 Important Financial Strategies for Your 20s and 30s



Personal finance goals look a little different when you're in your 20s and 30s. While your parents are focused on managing retirement, you might be navigating the challenges of paying off student loan debt, for example. This guide discusses how to jump-start your financial future.



Download The Guide Here

Compare Your Advisor

Choosing the right advisor is a crucial step towards achieving your financial goals. Our Advisor Comparison Worksheet is designed to help you make an informed decision by comparing the comprehensive range of services we offer against other advisors.
 

CLICK HERE TO DOWNLOAD OUR ADVISOR COMPARISON WORKSHEET

PDF Preview