Family Investment Decisions

Do you know where your money is invested and how much it is earning? In many families, it is still common to find that the husband pays the bills and keeps track of the money coming in and going out. When the husband dies, is incapacitated or there is a divorce, the wife is clueless about finances. If you are a woman, and that sounds like you, now is the time to educate yourself. The same goes for the husband if the roles are reversed.

An ideal marriage involves making financial decisions together. If one partner is better at investing and enjoys it more, that’s fine, let them do it. But make sure that you know what those investments are, and where the information about them is located. In addition, check on them at least quarterly to see if there have been, or need to be any changes. Take advantage of opportunities to learn about investing, so that you will be able to make informed decisions if the need arises.