Tutor Your Spouse on the Family Finances.
Kiplinger's Retirement Report, March, 2008
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THE KEY TO many successful marriages is a division of labor. Often one spouse assumes the role of the financially knowledgeable partner, responsible for investments, bill-paying and record keeping. More often than not, especially among couples 55 and older, it's the husband who manages the family finances, according to financial planners and other experts.
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But a spouse who's in financial control does his partner a disservice if he doesn't explain the kinds of investments they have, the intricacies of retirement plans, and when bills are paid and income checks are due to arrive. A ...
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