Alert
Close

Help hungry seniors. Deliver help and hope before Thanksgiving. Donate

Highlights

Open

Introducing RealPad by AARP
You and Your Town Contest-You could win an AARP RealPad
AARP-iPad-ePub-app
AARP Auto Buying Program

Jobs You Might Like

Most POPULAR

Viewed

Financially Speaking

Marriage and Money: Talk Before Taking the Leap

Good advice, especially if you're older

What's the case for getting married? At older ages, weaker than you might think. Romance is wonderful. Marriage, however, is not always a totally romantic partnership ("for richer, for poorer, in sickness and in health," and all that).

See also: Money matters for the unmarried.

When you dig into the financial implications, you might agree with the kids: Living together without benefit of clergy makes sense. Or you might still prefer the security of marriage and find it more aligned with your personal values.

A couple discussing money management in the their bedroom before getting married.

Make sure you talk about money before getting married. — Geof Kern/Gallery Stock

A hot topic is whether Granny should "live in sin." Financial planner Lauren Klein of Klein Financial Advisors in Newport Beach, Calif., sees older couples holding "weddings" for appearances only — making the vows but not signing the documents.

"They don't tell the children or grandchildren they aren't married," she said. "They don't want to be a bad influence."

Before taking even one step toward the altar — or, for that matter, cohabitation — the two of you should have a sober business discussion. Bring proof of your income, assets, credit history, debts and other obligations. (You'll have to disclose them anyway, if you plan on writing a prenuptial agreement.) I stress, bring proof. Estimates have a funny way of being off.

Next: Does your spouse have long-term care insurance? >>

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS Store membership discount aarp benefits

Members save 15% on eligible products/services, 5% on UPS shipping at The UPS Store®.

membership adt

Small business owners save 20% on new installation of any new ADT security system.

Mujer en la parte de afuera de so negocio

Free quotes for members from the AARP® Small Business Insurance Program.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Rewards for Good

Your Points Balance:

Learn More

Earn points for completing free online activities designed to enrich your life.

Find more ways to earn points

Redeem your points to save on merchandise, travel, and more.

Find more ways to redeem points

Explore Your Learning Possiblities