#524 - Retirement Plan Live: Mature Marriage - Managing Joint Cash Flow with Separate Assets

How do you manage a joint cash flow with separate assets? In addition to discussing Mark and Mary’s situation, today I chat with Kay about how she and her husband handled finances with their late in life marriage.

Kay gives us some insight on how to manage finances in a financially unbalanced relationship. You’ll appreciate her perspective on how to manage the household cash flow when you haven’t always been married.

Make sure to stick around to hear an update from Sam, our single Retirement Plan Live case study from 2018. She’ll let us know how she’s been doing, what has surprised her about retirement, and whether her retirement plan has changed.

Kay’s perspective on joint cash flow with separate assets

When you get married later in life you may try to join your finances or keep them separate. There is no one right way to do things.

Kay and her husband tried many different ways of separating and combining their finances over the years. What she has noticed is that as long as they are still working on managing their assets together with little conversations, they are moving towards their goals together.

How do you manage your cash flow with separate assets?