Are you tying the knot after 50? (Congratulations!) For older couples getting ready to walk down the aisle, there are unique financial considerations to take into account. Merging finances at this exciting stage involves retirement plans, adult children from previous relationships, and different priorities for the future. Get ready for the honeymoon phase as we explore how to merge marital finances in your 50s and beyond. Understanding Your Significant Other’s Spending At this point in your life, your financial habits and values are well established compared to 20-somethings still finding their financial footing. Being transparent about your income, savings, and spending with your partner is essential. You may even want to review each other’s credit reports. Discuss your hopes for retirement and what it will take to get there. You may be more set in your money mannerisms, so it will take planning to reach your shared lifetime goals. Combining Accounts Newlyweds who are 50-plus must decide if they will merge their accounts fully or maintain separate ones. At this age, you likely have more assets to consider. Maybe you’ll keep individual bank accounts and create a joint account for shared expenses like bills. Reviewing your estate plans together is essential to ensure your wishes for wealth distribution to heirs are clear. Embarking on this new chapter means more than just sharing a life — it’s about blending finances in a way that makes sense for both of you. Communicating about your finances and shared goals ensures your golden years together are filled with financial harmony and peace of mind. Merging Money After 50 HAPPILY EVER AFTER AND FINANCIALLY FIT
TAKE A BREAK
CARDINAL COCOA FROSTY GARLAND GENEROSITY MENORAH MITTENS PEPPERMINT PINECONES SNUGGLE UNITY YULE
Korean Steak Slaw
Inspired by GoodHousekeeping.com
Ingredients
• 2 tbsp gochujang or sriracha hot sauce • 2 tbsp soy sauce • 3 tbsp sesame oil, divided • 2 sirloin steaks, about 1 lb total • 1 daikon radish
• 1 large carrot • 1/2 red cabbage • 5 green onions, divided • 2 tbsp rice vinegar • 2 tsp sesame seeds, toasted
Directions 1. In a large bowl, mix gochujang, soy sauce, and 2 tbsp sesame oil. Set aside 1 tbsp of mixture to use for dressing. Place steaks in bowl with the remaining marinade and coat. 2. Julienne radish and carrot into strips. Shred red cabbage and slice 3 green onions. Mix the reserved marinade with the remaining sesame oil and rice vinegar, then toss with vegetables in a large bowl to coat. 3. Heat a frying pan until very hot. Fry steaks for 2 minutes on each side for medium rare, brushing with the marinade as they cook. Set aside to rest for 5 minutes, then slice into thin strips. Slice the remaining green onions and add to the slaw. 4. Serve sliced steak over the slaw and sprinkle with toasted sesame seeds.
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