Focus
Full time employment: Posting here.
- Joined
- Oct 10, 2009
- Messages
- 640
I got married shortly before I retired last year (after many years together). My original retirement planning was based on having minimal taxes as a single filer. Now I'm not sure how best to handle this. My spouse has a growing small business and that will likely continue for another couple of decades, so filing our taxes jointly results in a much higher tax hit for me in retirement than would have been the case before.
How have other couples in similar situations handled this? Did you decide to keep things 50/50 no matter what, or did you ask your tax preparer to make some offline calculations to figure out a fairer split? (I should note that our finances will remain separate except for a joint account for shared expenses.)
How have other couples in similar situations handled this? Did you decide to keep things 50/50 no matter what, or did you ask your tax preparer to make some offline calculations to figure out a fairer split? (I should note that our finances will remain separate except for a joint account for shared expenses.)