The 10 “Must-Dos” After You Say “I Do”
Start your marriage with a sound financial foundation…
-By Adam Werner, CFP®, April 12, 2017
Congratulations on the nuptials! In the eyes of your family and friends (and the US Government) the two of you are officially a family! New doors have now opened and it’s important to take the time to ensure you’re headed in the right financial direction. Here are some key things to do in order to save money and create a sound financial foundation for your marriage.
1. Medical Insurance – Who has the better plan?
Generally, you have 30 days to add your spouse to your employer’s health coverage. If you miss this window, then you will have to wait until the next Open Enrollment. Make sure you know the ins and outs of your policies so you understand which person has the better plan and/or the cheaper family plan. Remember that cheaper may not always be better.
2. Other Employer Benefits – Can either of you be added for free or for cheap?
Find out whether your employer offers other benefits to your spouse, such as dental or vision insurance…