I get married on Friday. My wife and I are both 22, making around $100k a year in total. We plan on immediately merging our finances into a joint account and plan on filing jointly but I have some questions about some things.
1.) We love maximizing credit card rewards, we’ve never paid any interest/never carried a balance. We have fairly good credit scores. For the cards that I have and she doesn’t (and vice versa), is it best to add her as an authorized user or for her to get her own card? For example, the $200 bonus on the chase freedom flex, should she get her own freedom flex or just get added onto mine?
2.) For our investments, should we keep our own accounts? We both use M1 finance, I have about 20k, she has 10k. If we were to merge it, wouldn’t we have to sell and rebuy, causing us to pay taxes?
3.) for our Roth IRAs, I assume we each continue to add to both roths individually. Can she use my earnings that get put into our joint checking to help reach her $6k cap?
Thanks in advance!!
Submitted June 09, 2021 at 11:05AM by JOyo246 https://ift.tt/3ivjlc7
