Marriage And Money The Second Time Around.
The real happily ever after.
Nevertheless, to avoid fornication, let every man have his wife, and let every woman have her husband. 1 Corinthians 7:2
The first time you married, you both had great careers and worked hard. Two beautiful children
The children are all grown up and living independently. You and your spouse spent all your time focused on raising the children, making sure they had everything they needed, and focusing on your careers, which has caused you to forget about your marriage and each other. You are like roommates instead of husband and wife. You are like strangers having nothing in common anymore.
You both decide to go your separate ways. The split is amicable. As time passes, one of you meets someone new. You are very happy with your new life. You have discussed getting married again.
Before you take that big step the second time, you want to make sure both of you have a financial plan and financial security.
Cindy Wang, CFP, CHFC, MBA — who has the insight lead at Northwestern Mutual and is excellent at financial planning and specializes in financial data explains, unlike those who are getting married for the first time, most people do not enter their second or third marriage as financial equals. So…
