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Relationship Discussion (non-explicit)
Reply to "Financial Literacy Resources for Clueless Wife"
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[quote=Anonymous]both partners should know where all of their assets are simply in case either is temporarily incapacitated. Additionally you should both have all the passwords to these accounts. My DH is the primary earner but I handle the investments, budgets and bills and like knowing all the ins and outs of our financial life. It’s not that complicated and important to understand as an adult. Don’t be like Belle Burden or Candice Miller. But with ages of your kids, unless you signed a terrible prenup, you should generally be entitled to half of your assets plus child support and alimony as the non-high earner. If I were you I’d want to know: -names, balance & mortgage terms on any property -annual income which is on the taxes you sign each year -breakdown of what income is salary, bonus, and profit sharing -retirement account amount -any other accounts: investment, savings, checking -debts besides mortgage (car, loans, credit cards) -life insurance policies -expenses (tuitions, clubs, groceries, vacations, car etc) [/quote]
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