Are wedding bells ringing?

FAI-Marriage

Whether you’re getting married for the first time, after becoming a widow(er), or following a divorce, finding love in mid-life is exciting!

At any age, sharing your life with the perfect partner is something to cherish and celebrate. If your next chapter includes a mid-life marriage, it’s smart to say “I do” to addressing the unique financial impacts that come with it. These might include:

  • Determining the financial resources each person brings to the union
  • Combining individual financial goals and tolerance of risk, and addressing them as a couple
  • Managing the desire to retain financial responsibility and independence
  • Identifying important legacy issues for heirs while still providing for your new spouse
  • Decisions regarding a primary residence if more than one home is involved

FAI Wealth Management has deep experience working with mid-life marriages. We understand the emotions that can come with these intensely personal discussions and we’ll be with you every step of the way. We’ll work together to develop a smart, practical strategy for combining your wealth while allowing you to maintain your personal financial goals.

FAI woman with cup of coffee and ebook

Download FAI's Free "navigating marital transitions with confidence" eBook

The FAI Wealth Management team of advisors has developed this eBook to help guide executive women who are facing a marital transition — be it a first or second marriage, or divorce.

We all face changes in our personal lives —some joyous, others challenging. Some are planned while others come to us unexpectedly.  And though these transitions aren’t equal in impact, they all require careful planning and sensitivity to the details and emotions involved. This e-book is designed to provide you with the support and guidance you need to navigate your marital transitions with dignity and confidence.

For more information, contact Lyn Dippel, President & CEO, or Mark Stinson, Senior Advisor.

Please complete the form below and you’ll be prompted to download our eBook.

We hope it proves to be a valuable resource, and we welcome your feedback!

First Name
Last Name
Email
Phone
How did you hear about/find us?
FAI Tree

Rich and Joan's Story:

The Financial Decisions That Come With A Mid-Life Marriage Are Overwhelming, Can You Help Us?

Rich and Joan are both divorced, in their late 50s and had been single for some time before meeting each other. Each had two children from their previous marriages, all of whom are either in college or living independently. Rich and Joan both have well-paying jobs and are living in the neighborhoods where their children went to school. Though they are ready to marry and combine households, they are uncertain about the financial decisions that come with this move. They are not sure how to make the right choices in light of what is best for each partner individually, for their new lives as a couple and for their families.

Whether you are marrying for the first time, after a divorce, or after becoming a widow(er), mid-life marriages can require addressing a host of topics related to financial planning and wealth management that are unique to this demographic. These can include:

  • The need to understand the financial resources each brings to the union
  • Combining individual financial goals and risk tolerances and addressing them as a couple
  • Not wanting to lose a sense of financial responsibility
  • Not wanting to be dependent on the other spouse for financial stability
  • The financial impact of joining two families if dependent children are involved
  • Identifying important legacy issues for heirs while still providing for the new spouse
  • Relinquishing total control of financial decisions, instead having to consult, collaborate and compromise
  • Decisions regarding a primary residence if more than one home is involved

These are just a few of the more common issues couples face when making the decision to marry again in late life or for the first time at an older age.

FAI understands the emotions that come with having these difficult discussions. One of our specialties is working with clients who have entered into mid-life marriages for a variety of reasons. FAI will work with you to develop a strategy for combining your wealth while allowing you to maintain your own personal, financial goals.

* Hypothetical example

Would you like to talk with one of our advisors?

First Name
Last Name
Email
Phone
Tell us a bit about your needs:
How did you hear about/find us?

Marriage & Divorce Journal

Marriage & Divorce Journal

Marriage and Divorce
Helpful resources for those seeking advice in times of marital transition, be it first or second marriages or divorce.

Survive and Thrive in Post Divorce Retirement

Survive and Thrive in Post Divorce Retirement

12/29/2018 12:00:00 AM EST
2 months ago

Getting divorced over 50 presents some unique challenges, and the financial aspect is chief among them. By taking the time to understand the financial implications ...

Gray Divorce Doesn’t Have to Tarnish Your Retirement Dreams

Gray Divorce Doesn’t Have to Tarnish Your Retirement Dreams

12/27/2018 12:00:00 AM EST
2 months ago

For most of us, our retirement dreams are filled with time for enjoyment after decades of hard work. But for an increasing number of older ...

FAI Presents: Prenuptial Agreements: A Smart Move for Savvy Women

FAI Presents: Prenuptial Agreements: A Smart Move for Savvy Women

11/7/2018 12:00:00 AM EST
4 months ago

When you hear the word “prenup,” what comes to mind? If you’re like many people, you might picture a wealthy older man about to ...

Recent News

Recent News

FAI 2019 First Quarter Investment Commentary Webinar

FAI 2019 First Quarter Investment Commentary Webinar

2/25/2019 12:00:00 AM EST
3 weeks ago
Curt Gross, Chief of Investments Officer, will be hosting a webinar at the end of each quarter to review his Quarterly Investment Commentary and answer ...

Is An Accessory Dwelling Unit Right for Your Aging Parents?

Is An Accessory Dwelling Unit Right for Your Aging Parents?

2/22/2019 12:00:00 AM EST
3 weeks ago

Assisted living in your own back yard?

Ninety percent of seniors say they’d prefer to stay in their homes and age in place. But ...

Upcoming Events

Upcoming Events

Good Friday: FAI Office Closed

Good Friday: FAI Office Closed

4/19/2019 12:00:00 AM EDT
FAI's Office will be closed in observance for Good ...

FAI's Quarterly Investment Review Webinar

FAI's Quarterly Investment Review Webinar

4/25/2019 11:00:00 AM EDT
Curt Gross, FAI's Chief Investment Officer, will be going ...