Financial resources for couples

Couples often fight about money. So if they come to you for help, have this list of articles handy to help diffuse arguments and broker agreement.

Help couples avoid arguments

You’re advising a new couple and neither person is following your recommendations, straining your relationship—and probably theirs. You’ve spoken primarily with one spouse, but you suspect the partner is undermining your advice when they’re together at home. How do you handle it?

Young couples opting for separate accounts

An increasing number of young Canadian couples are choosing to keep their fiscal matters divorced.

Stay-at-home spouses need insurance, too

Many husbands and wives who don’t earn paycheques think insurance is a waste of money. Yet if they die, their working spouses will be scrambling to cover funeral costs, not to mention many new expenses.

Couples must be open about goals

If you ask most clients what they want to do in retirement, it’s a safe bet that none will say “bicker with my spouse.” But that may be a leading pastime if the couple is not open about their vision of the golden years.

Getting couples on track

Laura Johansen, an advisor with MGI Financial Inc in Toronto, probably speaks for many colleagues when she says, “I sometimes feel more like a marriage counsellor than a financial advisor.”

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.