While many couples getting married in their early twenties fret over details of the wedding reception, mature couples in their 40s and 50s have other worries. April's Kiplinger Personal Finance Magazine devotes a lengthy article to financial considerations of mature couples.
Couples who marry in their twenties, it says, may be just starting a Roth IRA. But at age 40 and beyond, individuals are "heading into [the] peak earning years," says Violet Woodhouse, a lawyer in Newport Beach, Cal., who specializes in family law. "We're more serious about saving, and more concerned about retirement and about what will happen to any children from previous marriages."Other things to consider include protecting assets such as a business, an inheritance, property received in a divorce, or an investment portfolio. "And while spouses almost always have differing styles of money management," the magazine warns, "the longer individuals have been on their own and the more money they have, the more likely their habits have become ingrained and harder to merge."
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