FINANCIAL FOCUS: Talking about finances is important for newlyweds

Published: Friday, June 6, 2014 at 12:13 PM.

• Investment styles: You and your spouse will need to invest if you are going to achieve a comfortable retirement. However, each of you may have a different investment style — one of you might be willing to take more risk for the possibility of greater returns; the other is more conservative, ready to accept lower returns in exchange for greater preservation of principal. To pursue your strategy for reaching your objectives, each of you may have to compromise on your “investment personality.” To achieve this balance, you may need to consult with a financial adviser.

Finances are an important part of marriage. By communicating regularly and working together, you and your spouse can build a solid financial foundation. 

Joe Faulk is a financial adviser.

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