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Can I Retire Now?
Welcome to the Can I Retire Now? Podcast!
Where savvy financial insights meet relatable wisdom. With almost two decades in the industry, Nick Russell and his wife Becky Wagoner bring a dynamic perspective to help you navigate your unique financial landscape.
Join us as we decode the intricacies of your financial world, offering tailored strategies for dream retirement plans and protection against life's storms.
Discover what truly matters in your financial life, gain insights on relationships and money, and maybe even share a good laugh.
Your journey to financial well-being starts here.
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Cetera is separate from any other named entity. 6052 Turkey Lake Rd #101, Orlando, FL 32819. Main Telephone: (407) 351-3476
Can I Retire Now?
Marriage and Money: What Every Couple Needs to Know (Ep. 28)
Marriage isn’t just about romance. It’s also one of the most impactful financial partnerships you can form.
In this episode, Nick Russell and Becky Wagoner mix humor and practical advice as they explore the financial pros and cons of tying the knot.
From tax breaks to Social Security benefits, they cover how marriage can boost your finances and where it can cause headaches. The conversation also touches on statistics about money habits, financial infidelity, and why open conversations about money matter at every stage of life.
Key Points:
- Financial benefits of marriage, which may include potential tax advantages, the ability to contribute to a spousal IRA, and eligibility for Social Security spousal and survivor benefits.
- Inheritance rights for spouses and how marriage can simplify asset transfer and beneficiary claims.
- Potential drawbacks such as higher combined tax bills, shared debt responsibility, and complications for later-life marriages.
- Statistics on couples’ financial habits, including separate vs. joint accounts and the prevalence of financial infidelity.
- The importance of regular financial conversations to strengthen relationships and align goals.
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