Dear Annie: Marrying late can destroy financial security

Dear Annie:

I have a recommendation for your older readers who are considering marriage: I strongly encourage them to speak to a financial advisor about the financial dangers of marriage.

Married people are also responsible for each other’s debts (e.g. medical costs). There’s nothing better than suddenly being widowed and faced with huge medical bills. Even in the case of a marriage, care relies on the assets of both people. I know two couples who divorced for this reason.

Even losing a few hundred dollars a month could greatly improve their standard of living. By all means have an engagement ceremony, but older people should be aware of the financial risks that come with legally marrying. It could endanger their well-being. – Practical

Dear practitioner:

Thank you for providing your perspective. All couples, regardless of age, should have a conversation about finances before deciding to get married. The more money is at stake, the greater the need for professional advice.

“How can I forgive my unfaithful partner?” is out now! Annie Lane’s second anthology—featuring favorite columns on marriage, infidelity, communication, and reconciliation—is available in paperback and e-book. Visit http://www.creatorspublishing.com for more information. Send your questions to Annie Lane at [email protected].