“What’s the best way to manage finances in a marriage?” “How do other people manage finances in a relationship?” “What’s the normal way of combining finances in a marriage?” These are a few common questions people ask about finances in a relationship. I love these questions because there is no right answer. It’s like every … Read more
I met my fiancée, soon-to-be-wife, in a bar; however, I almost didn’t. We’ll get to investments and the question of, “What is a good rate of return on a 401(k)” soon, but first, a story about ranges of outcomes and why they matter. The story will help bring to life the role luck, chance, and … Read more
Prenups. Even the word likely elicited a strong wave of emotions and judgments in you. Unromantic? Sleezy? Not in love? Preparing for divorce? Others? I know when I tell others I am getting a prenup, that look frequently comes over their face. That look of “I would never do that” or “Why is he getting … Read more
Weddings. Could I pick a more controversial financial topic? I’ve always been flabbergasted by the price of weddings. With the average wedding cost around $30,000, it’s hard not to be. I know that figure is inflated by some people who spend over $100,000 on a wedding and brought down by others who spend $1,000. Either … Read more
It is the time of year where families normally would gather for the holidays. This year, there will be fewer gatherings, but most years you may spend it with your in-laws, still questioning their holiday traditions, hoping your gift is adequate, and wondering what inappropriate comment will be made this year. Perhaps you stopped going … Read more