Cohabiters are likely to choose‘single,' when in reality
the planner should advise them more like‘married.'.
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This slight distinction makes a difference because Cohabiters are gravitating toward non-financial assets versus longer-term
financial asset accumulation,” Britt-Lutter says.
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Rather than buying a house and saving for retirement, Cohabiters invest in nonfinancial assets, such as furniture, cars and boats.
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Britt-Lutter says treating financial counseling and planning as a regular checkup- similar to going to
the doctor or dentist- would help everyone, not just Cohabiters.
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Britt-Lutter said thinking of financial counseling and planning services as a regular checkup- similar to going
to the doctor or dentist- would help everyone, not just Cohabiters.