Money can't buy love, but it can certainly start some spicy debates between you and your better half. In this episode, we're digging into the financial face-offs that make Monopoly fights look like child's play and exploring some money minefields that can test even the most solid relationships. Listen in as we explore how to resolve some of the most common financial sources of tension between couples. Helpful Information: PFG Website: https://www.pfgprivatewealth.com/ Contact: 813-286-7776 Email: info@pfgprivatewealth.com Disclaimer: PFG Private Wealth Management, LLC is a registered investment adviser. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investment involve risk and, unless otherwise stated, are not guaranteed. Information expressed does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance. Transcript of Today's Show: For a full transcript of today's show, visit the blog related to this episode at https://www.pfgprivatewealth.com/podcast/ ----more---- Marc: Welcome into another edition of the podcast. It's Retirement Planning Redefined with John and Nick from PFG Private Wealth. Find them online at pfgprivatewealth.com if you've got questions or concerns about your retirement strategy or lack thereof. This week we're going to be talking about 'til debt do us part, resolving potential financial sources of tension between couples, because let's be honest, married couples fight, and often it's about money. That's usually the number one reason that we get into arguments. So we've got five that we want to identify and talk through a little bit and try to hopefully shine some light on some places where we can talk about some of these things and maybe get onto the same page and not have these arguments. Because a lot of times these things happen in front of advisors the very first time. Guys, not too long ago, I was just chatting with another advisor, who said he was sitting down with a married couple, they were talking, they were going over the stuff, and they were pleasantly surprised about some extra money that they were going to have. The husband says, "Great, we're going to buy an RV and travel the country," and the wife looked at him and said, "Since when? You've never ever brought this up before." So it was the first time she had ever heard it. So we want to make sure that that's not happening. We want to try to have these conversations, ideally with each other before we sit down with an advisor, but certainly that's going to happen as well, because you guys, as you know, often wind up having to be a little bit of marriage counselors sometimes when it comes to dealing with finance in front of folks. That's going to be the topic this week. We're going to get into it. Nick, how you doing buddy? Nick: Doing well. Doing well, thanks. Marc: Yeah. You ever run into that situation where a couple said something in front of you and you could tell the other one was completely caught off guard? Nick: Oh yeah. Yep. Yep. It's- Marc: Par for the course? Nick: Yeah, that's when the couple's therapy hat goes on. Marc: That's right. Nick: Probably a lot of advisors don't work in teams like John and I do, oftentimes, and I would say one of the things that it helps with the most is just being able to pick up on the social cues a little bit easier from both people, just because people, depending upon their personality, they may show you a lot with their expression. Marc: Yeah. Little tandem action there. John, you're married. I'm married. Married couples argue, right? And money's usually the big deal. John: Whoa, whoa, whoa, whoa. Speak for yourself, Mark. [inaudible 00:02:15] aware of it. It's all roses over here. Marc: Your wife's listening, that's right. Make sure you don't say anything, yeah. But it does happen, right? And money's the number one argument point. So, let's talk about these five that we've identified here that people tend to run into in y'all's industry. Risk tolerance, if I start that first one, risk tolerance in investments. This is pretty simple. If you're talking about two people, there's a good chance one feels one way about something and the other one feels the other way, especially when it comes to being married couples. So one person may be more aggressive with the portfolio and ...
