In a recent “Mesirow Monday” segment on WGN’s Your Money Matters with Jon Hansen, Mesirow Managing Director and Wealth Advisor Gregg Lunceford, Ph.D., CFP^® discussed why couples benefit from open, values-driven conversations about money. Rather than focusing solely on balance sheets or investment performance, Lunceford emphasized the importance of aligning financial decisions with shared goals, life experiences and long term priorities. 

Lunceford noted that financial stress remains one of the leading causes of relationship conflict and encouraged couples—whether newly partnered, raising families, navigating blended families or planning for legacy—to revisit these conversations regularly. February, following holiday spending and the start of a new year, can be an ideal time to reset expectations and realign on goals.

Key themes include:

• The power of communication: Clear discussion of values, priorities and expectations helps couples prevent misunderstandings and strengthen long-term financial decision-making.
• Planning for life transitions: From caregiving responsibilities to loss of a partner, Lunceford highlighted why couples should prepare for scenarios that may affect income, savings and estate plans.
• Long-term protection strategies: Tools such as long-term care insurance and life insurance can help guard surviving partners from financial hardship during illness or after the loss of a loved one.
• Navigating blended families and later life partnerships: Lunceford explained that differing backgrounds, family structures and lived experiences can shape how partners view money—and why proactive planning is essential.

Lunceford encourages individuals and couples to work with a trusted Wealth Advisor to clarify goals, prepare for uncertainties, and build financial plans that reflect each partner’s values and vision.

Mesirow Wealth Management is the firm’s founding capability, connecting clients to what matters today and across generations. The firm’s Wealth Advisors bring personal, comprehensive planning, expert investment guidance and exceptional service to individuals and families. Learn more at mesirow.com/wealth.