Welcome back to part two of our discussion on resolving financial tension between couples. In this episode, we’ll explore five more common areas of financial tensions: emergency fund size, charitable contributions, handling inheritances, insurance needs, and financial management style. Stay tuned to learn how advisors like Phil work to resolve conflicts in these areas as they arise.
Throughout this episode, Phil emphasizes the importance of compromise and open communication between partners to understand each other’s financial goals, preferences, and concerns. He also stresses the benefits of seeking professional advice to help navigate complex financial matters and avoid potential conflicts.
Here are some of the things we’ll address in this episode:
- How much should we have in the emergency fund? [1:48]
- Getting on the same page about charitable contributions [4:39]
- Disagreeing on how to use an inheritance [6:09]
- Deciding on insurance and long-term care [8:41]
- How will we handle financial management in retirement? [11:54]
If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.
