To get the full RFL experience, watch the episode here at https://youtu.be/TVcvYz4mISs

Financial transparency between spouses is critical for retirement planning and can prevent disaster when one partner passes away. We discuss real-life examples of what happens when couples don't share financial responsibility and knowledge.

• Both spouses must be involved in financial planning regardless of interest level
• Requiring both partners to attend planning meetings ensures everyone understands the plan
• When one spouse dies, the surviving spouse often needs significant support for about a year
• Separate finances make comprehensive planning nearly impossible 
• Different risk tolerances between spouses require compromise, not separate strategies
• Women statistically outlive men and need to be prepared to manage finances independently
• Financial disagreements are a leading cause of divorce, even after decades of marriage
• An advisor should make complex concepts understandable for both spouses
• Both spouses should know where to find important documents and account information

Take time this month to have honest financial conversations with your spouse and ensure you're both prepared for whatever the future holds.

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