By: John P. Napolitano, CFP®, CPA, PFS, MST

As tempting as it may sound to some, few people admittedly marry for money. But after the point when a marriage has failed, there is frequently remorse over the financial issues that were not properly addressed prior to tying the knot.

The first issue is an open and fully disclosed conversation about each other’s financial status. This would include details about earnings, assets, liabilities and your financial plan for the future. It’s no fun to find out after the fact that you won’t own a home for 10 years because your spouse is loaded up with personal and educational loans. A bigger picture discussion about where you want to go as a couple, and what you are going to do to get there would prevent this. For example, if your vision is to raise a family in a nice neighborhood (AKA a somewhat costly neighborhood) and have a second home at the beach; you’ll need a financial road map to get you there. If your spouse thinks that living in a two family house with a very low net cost of living so you can retire early is ideal, there will be problems down the road. Get a good understanding of each other’s vision for what your ideal lifestyle will include and then map it out to see how much you’ll need to earn and save to get to your desired place.

Read more in the Patriot Ledger.

John P. Napolitano CFP®, CPA is CEO of U. S. Wealth Management in Braintree, MA. Visit JohnPNapolitano on LinkedIn or The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. John Napolitano is a registered principal with and securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through US Financial Advisors, a Registered Investment Advisor. US Financial Advisors and US Wealth Management are separate entities from LPL Financial. He can be reached at 781-849-9200.