, Columnist
No, Getting Married Isn't Always Financially Beneficial
Before legally yoking yourself to another person, assess where you stand on debt and taxes.
I do.
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Most people believe that marriage is an economically beneficial arrangement. That’s not always true.
In my own life, getting married meant I could hop on my husband’s less expensive and higher-quality health insurance plan instead of shelling out hundreds of dollars a month for a subpar option as a self-employed person. For others, benefits such as the possibility of a lower tax bracket, higher charitable contribution deductions and even access to an IRA for a non-working spouse can add to that wedded bliss.