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Leave a Plan, Not a Puzzle: When One Partner Handles the Finances

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Retirement Living Your Way

Join Troy Theobald from RFS Advice, a nationally acclaimed financial adviser with a passion for helping Australians live out their retirement dreams o 
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In this episode of Retirement Living Your Way, Greg Black is joined by Troy Theobald and RFS Advice adviser and shareholder Brooke Riewoldt to discuss a common issue for couples: what happens when one person manages most of the household finances? They explain why both partners need a broad understanding of their income, expenses, bank accounts, assets, financial structures, estate planning documents and key professional contacts, even if only one person handles the day-to-day details. The conversation explores how preparation can reduce stress and confusion following death, illness, incapacity or separation, while helping the less financially involved partner build confidence. Practical suggestions include ensuring both partners can access cash, documenting important information, knowing where wills and powers of attorney are held, involving trusted advisers and family members appropriately, and reviewing the plan twice a year. The episode also cautions against making major, irreversible decisions during the first 90 days of a crisis. The central message is simple: leave your partner a clear plan, not a puzzle.

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Retirement Living Your Way

Retirement Living Your Way is an Australian retirement planning podcast featuring real conversations 
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