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 tension: emergency fund size, charitable contributions, handling inheritances, insurance needs, and financial management style. Stay tuned to learn how advisors like Donna work to resolve conflicts in these areas as they arise. 

Throughout this episode, Donna emphasizes the importance of open communication between partners to understand each other’s financial goals, preferences, and concerns. She also stresses the benefits of seeking professional advice to help navigate complex financial matters and avoid potential conflicts.

Here’s some of what we’ll discuss in this episode:

  • Agreeing on the right amount to have in an emergency fund. (3:06)
  • Being on the same page about charitable contributions. (7:02)
  • Deciding what to do with an inheritance. (10:25)
  • Having protection planning conversations about insurance and long-term care. (13:49)
  • How do you want to handle financial management in retirement? (16:36)

If you are interested in any of the topics we discussed, please reach out and we would be happy to help you navigate your financial situation.