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Financial Compatibility: How FAs Give Newlyweds This Gift

A recent CNBC article provides insights from several financial advisors about how they help newlyweds start out their married life on the right financial footing.

wedding gc10189bd0 640CFP Eric Roberge of Beyond Your Hammock says it is important “to sit down together and discuss your values—both as individuals, and then as a couple.” He wants couples to consider together and individually what three to five values support their life’s vision.

Zak Bouck, managing principal at Denver Wealth Management says it all comes down to communication. Bouck, for his part, uses a deck of cards to help facilitate a discussion about priorities. They should each choose their priorities, he says, so that way they feel heard.

Brian Mercado, a CFP with JSF Financial, asks couples to fill out worksheets about their perceptions of their spending and then he shows them the real figures. He calls it an “an awareness campaign.”

Other advisors discuss how to financial protect each other with insurance and filling out beneficiary designations properly.

Read the full article from CNBC.

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