Ask Money

Ask Carmen: Leaving a career for love

Carmen Wong Ulrich Jan 31, 2014
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Ask Money

Ask Carmen: Leaving a career for love

Carmen Wong Ulrich Jan 31, 2014
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More folks are getting married — or remarried — later in life and there’s something about blending more-mature finances that can bring up a lot of questions.

We’re going to head over to Connecticut and talk to Susi who is 54 years old.

She is engaged to someone who, let’s just say, has done very well in his career. But Susi also has a great corporate job that pays six figures and has done well with some of her investments, so she wants to know what the next step should be when it comes to merging money, pre-nups, or if she should leave her job.

“I want to make sure I am doing the best that I can with the assets that I have,” Susi says.

Carmen says: “If he’s asking you to drop a career, and to give that up, there’s a price you’re paying for that … for every year that you’re giving up your corporate year. It’s not just one year salary. It’s pensions and [retirement accounts].”

To hear more of Susi’s questions and Carmen’s advice, hit the play button above

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