Monday, January 26, 2009

Money makeover for Couples















By Rudy Armstrong

I found this article while I was scrolling through CNNmoney.com; it is about personal finance while in a relationship. The article talks about a couple’s decision making while trying to fulfill their own personal goals and how they have to compensate for one another as for being in a relationship.

Full link is below


(Money Magazine) -- There are certain things that Charlie and Sandy Hicks love to do together - like ski, hunt and hike with their two sons near their Livermore, Colo. home. Then there are things the Hickses hate to do as a couple - like invest their money.

Sandy, 48, notes that she and her husband "have completely different mind-sets" when it comes to managing their portfolios. "I'd rather buy mutual funds," says Sandy, who used to keep 100% of her 401(k) in equities.

Under most circumstances, "Charlie would rather keep everything in a checking account," she says. Well, that's a bit of an exaggeration, though Charlie, 49, does hold about two-thirds of his 401(k) plan in fixed income.

http://money.cnn.com/2009/01/22/pf/makeover_opposites.moneymag/index.htm?postversion=2009012206

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