Assumptions and Expectations | I've Paid For This Twice Already... http://www.paidtwice.com/2008/02/05/assumptions-and-expectations/#comment-15146 plonkee Tue, 05 Feb 2008 12:04:59 +0000 http://www.paidtwice.com/2008/02/05/assumptions-and-expectations/#comment-15146 I think that there are a couple of things going on here. One of them is that you are more right than your husband is - the CD is unlikely to be the better move. Another is that to be fair to you, not only do you do all the day to day finances, you also read, and write successfully, about personal finance every day. It would be surprising if your husband knew more about personal finance than you - he might not appreciate this as much as he should. But the important thing, is that you probably need to work on explaining to him why such and such a thing is a good idea financially so that he can get used to the idea a bit before it comes up. I bet if you'd talked this IRA thing through in December, explained why something like a Target Retirement fund was a good idea, and given him the opportunity to get more comfortable with it, he would have been more likely to go for it now. And just to reiterate, the CD is not likely to be the best place for a long-term investment. I think that there are a couple of things going on here. One of them is that you are more right than your husband is - the CD is unlikely to be the better move.

Another is that to be fair to you, not only do you do all the day to day finances, you also read, and write successfully, about personal finance every day. It would be surprising if your husband knew more about personal finance than you - he might not appreciate this as much as he should.

But the important thing, is that you probably need to work on explaining to him why such and such a thing is a good idea financially so that he can get used to the idea a bit before it comes up.

I bet if you’d talked this IRA thing through in December, explained why something like a Target Retirement fund was a good idea, and given him the opportunity to get more comfortable with it, he would have been more likely to go for it now.

And just to reiterate, the CD is not likely to be the best place for a long-term investment.

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