Author: Arabian Media staff
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When two people marry later in life, there is more to sort through than wedding gifts. A marriage between two people with longer histories requires decisions concerning finances, children, assets, housing, and retirement planning—to name just a few issues. Here’s how to ensure your financial interests, both as individuals and as a couple, are protected. Key Takeaways Older couples who plan to marry need to share information on their finances, assets, and retirement accounts. It’s best to be open about everything, from debts to your investment strategies and retirement plans. Be sure to update your tax information, determine your filing status,…
According to Fidelity’s Couples and Money study, 45% of partners argue about money at least occasionally, and nearly 1 in 4 couples identify money as their greatest relationship challenge. Here are six common financial issues that stress married couples. Key Takeaways Around one-quarter of all couples say money is their greatest relationship issue. Couples can employ various tools and strategies to pay off debt. Spouses should communicate their financial priorities around raising children, saving for retirement, and budgeting and spending. A financial advisor or planner can provide couples with unbiased advice. 1. Separating Earnings Sometimes couples split the bills down the…
What Is a Common-Law Marriage? A common-law marriage is a legally recognized marriage between two people who haven’t purchased a marriage license or engaged in a ceremony overseen by an officiant. Common-law marriage is permitted in several U.S. states. Not all states address this arrangement with a statute; some use public policy or case law to determine validity. Key Takeaways A common-law marriage is a legally recognized marriage between two people who haven’t purchased a marriage license or engaged in a ceremony overseen by an officiant. Nine states and the District of Columbia recognize common-law marriages. Common-law spouses who meet…
Magna Cum Laude vs. Summa Cum Laude: An Overview Collectively known as Latin honors, summa cum laude, magna cum laude, and cum laude represent tiered distinctions of academic excellence. Summa cum laude—literally “with highest praise”—is the pinnacle, reserved for the very top of a graduating class. Just below it is magna cum laude, or “with great praise,” followed by cum laude, meaning “with praise.” Together, they honor students who have not just met, but significantly exceeded the standard expectations of scholarship. Key Takeaways Magna cum laude and summa cum laude are distinctions awarded to high-achieving students at colleges.Magna cum laude…
Student loan debt may be the biggest financial issue facing young adults today. Research shows that 42.5 million borrowers have student debt; the average federal student loan balance is $39,075. As tuition and other costs continue to rise, having to borrow money to earn a degree is often unavoidable. Although taking out student loans for undergraduate or graduate school typically involves just the person earning the degree and possibly their parents, figuring out how to pay off those loans when you’re married is another story. Here’s some advice to help engaged couples plan ahead for managing their student debt. Key…
Combining finances as a newly married couple often involves trial and error to determine what works best for you. It’s important to talk through how you’ll manage bank accounts, daily spending, budgeting, and more—ideally before walking down the aisle. While these conversations can be challenging, establishing a financial plan early is essential. After all, getting married makes financial sense. Couples typically manage their finances in one of three ways: separately, jointly, or through a combination of both. Each approach has its pros and cons. Key Takeaways Honesty about money is essential for trust in a marriage. Couples can manage their…
Since 1965, shares of Warren Buffett’s conglomerate, Berkshire Hathaway (BRK.B), have delivered a compounded annual return of 19.9%—almost double that of the S&P 500 over the same period. Unlike many of Wall Street’s famous money managers, Buffett has thrived during market crashes by following a straightforward approach any investor can follow: buying quality businesses at discounted prices when others are selling in a panic. Below, we break down the principles that have kept Buffett successful through several market crashes. Key Takeaways Warren Buffett turns market crashes into opportunities by following his own advice to “be fearful when others are greedy…
What Is a Community Property State? Community property means spouses who acquire property during marriage own the property equally. If the couple divorces, community property is divided 50/50. Divorce laws vary by state, with some leaning more toward the community property concept. Nine states are community property states as of 2025. In a community property state, couples are required to split equally all assets acquired during their marriage. By having the law define the division, states aim to prevent squabbling over who gets what and how much. Key Takeaways Community property law requires that a divorcing couple split assets 50/50.…