angelb's picture

protect yourself too

Submitted by angelb on Fri, 09/08/2006 - 9:28am.

Along with preparing for the working world, you also need to make sure that your assets are protected. Make sure that your living situation, whether renting or buying, is in both of your names. Once you marry, make sure that you have a life insurance policy on him with you as the beneficiary. Make sure that you are the beneficiary for his retirement plans. Have your own retirement plan. Open an IRA in your name. And most importantly, write a will and make sure that your partners' gets updated. Doing these things can help reduce the likelihood that should you divorce or if he dies, you won't be on the streets.

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