Getting Married? 4 Financial Questions To Discuss With Your Partner

by Lauren Beichner

Marketing Specialist

Member Tips

Getting married is a very exciting time in your life, and more times than not thinking about your financial plans after your wedding day is the last thing on your priority list leading up to the big day. However, it's critical that you and your soon to be spouse go over your financial and investment plans for after you say "I do". Here's the top four questions that you should discuss with your partner before your wedding day to ensure that you both are on the same page: 

Getting Married? 4 Financial Questions To Discuss With Your Partner

1. What Are Our Retirement Goals? 

It's very important to be on the same page with your financial goals, retirement included. Discuss what you both want to do during retirement. Where do you want to go? When do you want to retire? What does retirement look like to you? Once you have clear answers to these questions you can better come up with a retirement plan for the both of you. 

Looking For More Information On Retirement Planning? 

We care about bringing great financial education to our members. That’s why we’ve partnered with EverFi, a financial education leader to provide a variety of training modules to help you along your financial journey. You can access modules and information anywhere you go!

Try Our Save Towards A Goal Calculator

2. How Should We Invest Our Money? 

Once you understand both you and your partner's retirement goals, it's now time to discuss how you want to invest your money. You'll want to decide if opening a joint retirement account or seperate accounts makes the most sense for you and your partner. While you can open joint retirement accounts, you can't open a joint 401(k) or Roth IRA. If you do have separate retirement accounts, it's important to communicate about how much both of you are investing in them. 

3. How Much Life Insurance Will We Need?

If you think that life insurance1 has nothing to do with investing, think again! If you have family members or loved ones who depend on your income, then life insurance is a necessity. It's reccomended that you get a 15- to 20-year term life insurance policy worth 10–12 times your annual income2. If you are religiously investing 15% of your income toward retirement for 15 to 20 years, odds are that you’ll be self-insured before the end of your life insurance term. This means that you won't need life insurance anymore because you have saved up enough money to cover what the insurance company would cover should you pass away.3 Life insurance will provide a security blanket that will give you and your partner peace of mind. 

4. Should We Work With A Professional? 

Before you get married it's important to discuss whether you are going to get financial help from a financial professional or not. Often times talking about finances can be a stressful topic for couples, which is why meeting with a financial advisor is so helpful. A financial advisor can provide you with the right tools and insight to help guide both you and spouse in the right financial direction. 

Key Takeaways 

In the midst of wedding planning and getting excited for your big day it's extremely important to take a moment to discuss you and your partner's finances. By addressing these questions sooner rather than later you will avoid conflict down the road. 

Connect With A CFS* Financial Advisor


Back To All Articles

Social Blog Features

You Also May Be Interested In

4 Financial Questions To Ask Yourself Before You Have A Baby
Read Article
Member Tips
How to Use Your HELOC for Home Improvement
Read Article

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA / SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

CFS representatives do not provide tax or legal guidance. For such guidance please consult with a qualified professional. Information shown is for general illustration purposes and does not predict or depict the performance of any investment or strategy. Past performance does not guarantee future results.

  1. Products are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal.
  2. According to 
  3. Individual results may vary based on your financial situation. Consult a financial advisor.