The Moneyist: ‘Grandma shacking up? What example would I set for my grandchildren?’ I want to get married. My fiancé’s adult daughter is against it — she has a list of financial demands.

by | Feb 17, 2023 | Stock Market

Dear Quentin, What advice would you give to a widow and widower considering marriage on how to manage finances — and deal with adult children? We are both 60 years old and plan to work a few more years, mostly for health insurance. We both have about $1.5 million in retirement savings accounts. Our spouses’ 401(k)s and IRAs rolled into our accounts.

I have another $500,000 in a brokerage and he has almost another $1 million. We both own homes with $300,000 mortgages. Mine is worth $500,000, Paul’s (not his real name) home is worth $1 million. We have no other debt. We both have one married, and one unmarried child that we help. We both have two grandchildren. We should be set up very well. Here’s the concern: His married, well-off daughter is very aggressive about inheritance. She wants the family home retitled in a trust. She wants all life insurance an …

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