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Seniors getting married Photo by SHVETS production

6 Ways Seniors Can Make the Most of Getting Married During Their Golden Years

September 7, 2022

Getting married is one of the greatest experiences of your life, and it comes with many fresh starts. Doing it during your golden years comes with unique considerations. As you navigate the changes during this happy time, think of these six ways you can make the most of your time together and blend your lives seamlessly.

Consider Downsizing Your Home

As you think about building your lives together, you have to consider where you’ll live. If you both own homes, you can choose to live in one or the other. However, there are benefits to downsizing and moving somewhere newer and smaller. Downsizing requires going through your things and getting rid of what you don’t want or need. Then you can combine what you both have without overflowing your home. Plus, it’s a new space where you can make new memories as a couple.

Make a Plan for Your Finances

Should you put your finances together or continue to keep them separate? Research shows keeping finances separate can help eliminate arguments. You both may have different styles of money management. Additionally, seniors generally have more assets, including retirement accounts and inheritance. Combining finances can be complex, but with a prenuptial agreement, you can distinguish what belongs to each of you.

If you’re combining finances, you can easily add a page to PDF documents to keep important related financial documents in one file. An online tool allows you to simply drag and drop PDF files.

 

3. Let Professionals Handle Home Maintenance

Once you’re settled in your new home, some of the honeymoon bliss takes a backseat to the realities of owning a house. As you age, think about hiring professionals to help with the tasks around the house you used to do on your own. For example, allow someone else to take care of the landscaping. Costs will depend on the size of your yard and how often you need these services. However, anticipate a higher quote for additional landscaping services, such as fertilizing, pruning, irrigation, and hardscaping.

4. Update Your Estate Plans Where Necessary

If you haven’t already created an estate plan, it’s time to start thinking about it. A proper estate plan includes your will or trust, which you may need to adjust now that you are married. Talk to an estate planning attorney about the best options for your assets, individually and combined. If you have beneficiary forms and insurance policies, such as life and long-term care insurance, you may want to change those as well.

Photo by Ksenia Chernaya on Pexels

5. Keep Your Children Informed

Remember to keep an open line of communication with your children. Marriage can sometimes strain other relationships, and the children of senior parents may have concerns about your wellbeing. If you keep them informed and an active part of your life, you can help relieve some of those concerns.

6. Try New Things Together

Keep your relationship exciting by trying new hobbies together. You can get involved with a charity or create an exercise program that allows you to focus on health and be together. If you have money you want to invest, open a family business you’ve always wanted to open. Whatever you choose, it will be fun because you’re together.

Photo by Marcus Aurelius on Pexels

Now that you have your partner by your side, you can start enjoying your new life together. These tips should help you prepare for the small inconveniences while embracing the positive changes. With open communication, you’ll have your families by your sides as well.

Main Photo by SHVETS production on Pexels