Financial discussions
Couples need to make debt relief a priority discussion when considering marriage. A new national survey for Fidelity Investments is showing some interesting results. Many couples aren't in agreement on basic financial issues and don't even discuss finances in any depth. Here are some of the topics those questioned stated they didn't cover with their significant other:
- When is each person planning on retiring?
- How much money do they need to save to retire on time?
- What types of debt will be considered priorities to pay off?
- How much insurance coverage is each expecting to have?
- What budget will they follow and for how long?
Oddly enough the same poll was given two years ago and there has been a general decline in communication, although the economy has drastically turned for the worse. For example, two years ago 79percent of couples stated they didn't agree on retirement plans, including the time to retire or if they would continue to work after retirement. This year's survey showed that same number is up to 82 percent. Other numbers in the most recent survey follow suit.
An expert predicted the results
Nicholas Yrizarry, a financial adviser in Virginia, stated that he thinks the results of the most recent survey are accurate and logical. His belief is that the recession has pushed people to focus on "putting out fires, dealing with debt relief, worrying about interest rates, credit card debt, over-mortgaged homes and job insecurity." … click here to read the rest of the article titled “Couples Avoiding Debt Relief and Planning Discussions“
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