Spousal discussion: reconciling goal choice

Earlier, we discussed on the need to create a portfolio for each goal as we have multiple risk personalities. That is, risk attitude is different for each goal. Here, we discuss why it is crucial for couples to reconcile differences in risk attitude towards each goal before starting to invest as a family.

For most families, life goals include buying a house, going on a vacation, saving for retirement and financing a child’s college education. It is typical for millennials and Gen Zs for both spouses to take part in investment decision processes. Hence, it is important to reconcile risk attitudes to each goal as it has a direct impact on the related portfolio’s asset allocation.