Hi Jan,
In many households, one person naturally takes the lead on managing the finances, while the other tends to stay in the background. That division often works just fine… until something changes. Whether it’s an unexpected health issue, cognitive decline, or simply a shift in responsibilities, the less-involved spouse may one day need to step in.
This week’s article was inspired by a thoughtful question we received during our ongoing Q&A podcast series. It explores how couples can start bridging that gap and how to talk about money in a way that’s grounded in shared goals, not financial jargon.
We’re also including a related piece from McLean which offers practical steps to simplify your financial setup and prepare for the future. These conversations are not always easy, but they are an essential part of protecting the people you care about most.
| | | | How to Talk About Money When Only One of You Wants To In many relationships, one person naturally takes the lead on managing the finances, paying bills, tracking investments, and coordinating with the advisor, while the other is happy to stay on the sidelines. The other partner may not be disinterested, but they’re not exactly drawn to spreadsheets or financial planning conversations either.
By Retirement Researcher | | | | Planning for Cognitive Decline Cognitive decline doesn't necessarily happen overnight. There is a continuum of deterioration ranging from mild impairment to dementia. Planning for your own cognitive decline is an essential component of your financial plan and can have significant implications if not done in a timely manner. It is vital to consider whether you are prepared if something happens and you can no longer manage your finances.
By McLean Asset Management
| | | | Are TIPS the Retirement Safety Net You’ve Been Missing?
Wade and Alex break down Treasury Inflation-Protected Securities (TIPS): how they work, their pros and cons, and when they make sense in a retirement plan. They also touch on tax considerations, current market conditions, and the importance of clear financial communication, especially between spouses.
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