Check the background of this financial professional on FINRA's BrokerCheck.

Life Events


Every stage of life has its own financial needs and concerns. The life events on this page can help you target the key financial strategies and issues that are likely to be most important to you in this stage of your life.

Starting Out    Changing Jobs    Coping with Unemployment    Getting Married    Starting a Family    Saving for College    Starting a Business    Planning/Saving for Retirement    Managing College Expenses    Long-Term Care Planning    Planning an Estate    Planning for Business Succession    Nearing Retirement/Retirement    Financial Windfall   
 
I'm about to get married. Should I adjust the asset allocation in my 401(k) to take my husband's investments into account?

That depends on several factors. Perhaps the first step is to make sure your existing asset allocation is appropriate for your circumstances; if you haven't reviewed it in several years, you should probably take a fresh look at it, whether or not you intend to consider his assets in your investing strategy. Assuming your allocation is appropriate for your current situation, you may want to make sure that any overlap between your accounts doesn't create a portfolio that's too heavily concentrated in a single position. For example, if you have received company stock as part of your compensation plan for many years, you might not have enough diversity in your portfolio; if both of you have worked at the same employer, the problem could be even worse.

However, you don't necessarily need to make dramatic changes right away. No matter how compatible you might be, marriages have been known to fail, and sometimes they fail in a shorter time frame than anyone ever expected. If you do decide to make adjustments, remember that you can phase them in gradually to create an asset allocation strategy that includes both portfolios. For example, you might decide to simply allocate new money to a different investment or asset class rather than shift existing assets.

Explain to your husband why you've chosen to invest as you have; you may have a perspective he's overlooked or information he hasn't considered that could be helpful even if you manage your portfolios entirely independently. And since it's your account, you have the final say. If there's a difference in your investing philosophies, a neutral third party with some expertise and a dispassionate view of the situation may be able to help work through differences; that can be especially valuable in cases where substantial assets are at stake.



©2018 Broadridge Investor Communication Solutions, Inc. All rights reserved.
 
 
 

Securities and Advisory Services are offered through Nations Financial Group, Inc.(NFGI)   member FINRA/SIPC, and a Registered Investment Advisor.  4000 River Ridge Drive NE, Cedar Rapids, IA 52402. (800) 351-2471.  Matt Shannahan is a Registered Representative of NFGI.  Idaho Financial Group is a separate entity and not affiliated with NFGI. 

The opinions expressed in this website are those of the author(s) and are not necessarily those of NFGI. Any information provided is general in nature and is not tailored to your individual investment objectives, or needs, or relate to any specific investments. Availability of investment services subject to applicable licensing requirements. Please see Disclosures for more details.

 

 


Check the background of this financial professional on FINRA's BrokerCheck.