If you follow our work here at Bespoke Edge, you’ll know that we build quite a few custom wedding suits and tuxedos for our grooms. Consequently, we’re always working to create valuable content on style and groom’s etiquette. But the other day I was thinking that maybe we’re missing a key component: What happens after the wedding.
And a conversation that will come up very soon after the wedding revolves around financial planning. Clearly, financial planning is outside of my wheelhouse, but fortunately, I know a lot of the right people! I reached out to my friend Todd Miller, a registered agent with the New York Life Insurance Company, with some simple questions that I think are on the minds of many newlyweds…
1. [Ryan] For a newly married couple, are there advantages to sharing certain financial accounts? If so, which ones? And where would you recommend that people begin?
2. I think that a lot of folks, especially millennials, don’t give much thought to things like life insurance and long term financial planning. How should people be prioritizing this sort of planning?
3. What’s the best financial advice that you can give to a 20-something couple? Is it different from a newly married couple in their 30s?
Have more questions?
Obviously, this article only scratches the surface, so get in touch with Todd and ask him the tough questions!
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