Limited time offer: Sign up today and get up to 1 year managed free. See details

Charitable Giving: A better way to give, coming November 28. Learn more

Getting married? Time to talk about money with your fiance

By Jillian Harding

If you just got engaged, probably the last thing on your mind is how you pay your future bills together or handle everyday budgeting. But it’s an important conversation to have with your future spouse. That’s because your relationship as a couple extends to his or her relationship with money — and vice versa. Marry the person, marry their financial habits.

“The vast majority of the time, filing jointly results in paying less taxes,” Nick Holeman, financial adviser at Betterment, told CBS MoneyWatch. “There are lots of rules, especially around IRA contributions, that make filing jointly the best option for most people. There are of course exceptions depending on your personal situation.”

Read the Original Article

This article originally published June 30th, 2017 on CBS.