Access Wealth Senior Advisor Howard Milove, CPA/PFS, was recently featured in NJMoneyHelp, discussing a common financial question for couples preparing for marriage:
Should financial accounts be merged or kept separate?
In the article, Howard explains that there is no single right answer and that the decision often depends on the couple’s preferences, communication style, and financial situation. He notes that some couples choose a blended approach, maintaining some joint accounts for shared expenses while also keeping certain accounts separate. The pros and cons of all three approaches are outlined in this NJMoneyHelp contribution.
The discussion also highlights the importance of financial transparency before marriage. Howard points out that conversations about income, debt, spending habits, and financial goals can help couples establish expectations and avoid misunderstandings later on.
Read the full article on NJMoneyHelp: We’re Getting Married. Should We Merge Accounts or Keep Them Separate?
What This Means for You
Financial conversations are an important part of preparing for marriage. Whether couples decide to combine finances completely, keep accounts separate, or use a hybrid approach, clear communication and a shared understanding of financial goals can help build a stronger foundation going forward.
Learn more about Howard and how he helps clients to understand how financial planning decisions can impact couples and families over the long term.
