Getting Spouses to Open Up Is a Key Part of Financial Planning for Couples – WSJ.com
By RUTHIE ACKERMAN
When couples first come to see Bruce Helmer of Wealth Enhancement Group in Minneapolis, he often hands them a deck of cards. Each card has a value written on it, such as family, spirituality, or adventure, and he asks each spouse to narrow down the 50-card deck to the 15 that mean the most to them. Eventually they must whittle down their choices to 10 and then five. At that point, they reveal their hands.
More in Wealth Adviser
Who Will Run the Family Business?
How to Cut Your Health-Care Costs
Kids, Let’s Play the Money Game!
Read the complete report .
The outcomes are often surprising to the pairs, who may never have known, for example, that a spouse had dreams of climbing Mount Everest or starting a nonprofit. It also points to one of the biggest challenges in financial planning: Getting couples to sit down and articulate what is most important to them.