NewsLocal News


How to plan finances with your partner

Posted at 9:40 AM, Feb 01, 2018
and last updated 2018-02-01 09:40:52-05

LEE COUNTY, Fla.-- Valentine's Day is around the corner and most people celebrate with chocolates or flowers, but a local financial expert says you should use the holiday to talk about finances.

James Gallagher, of Waterstone Financial says you should set a financial plan with your partner.

He says is you're in a new relationship you should your commitment. Go to a bank and open a joint account or open your first brokerage account and start investing together.

If you've been together for a while, work on your estate plan. Figure out where your money goes and how you will look after each other in the later years.

An important part of any solid plan is life insurance; it's a powerful investment took. 

You can go to a financial expert to design a plan for you and your partner. 

For more information, go to Waterstone Financial.