Endorsements
I have been a financial planner for over forty years and answered thousands of questions. Undoubtedly one of the most complicated financial situations is that of the stepfamily. Ron, Greg, and David have combined their individual experiences to write a very helpful and practical book. I recommend it highly.
Ron Blue, founder of Ronald Blue Trust and the Ron Blue Institute of Financial Planning, author of more than twenty books, including Master Your Money
This is a book every blended family needs. It provides practical help in the often difficult area of money management. I highly recommend it.
Gary D. Chapman, PhD, author of The 5 Love Languages
When developing material on money management and marriage relationships we turned to Ron Deal for expertise on blended family finances. Now you can turn to him. Together with Greg Pettys and David Edwards, Ron has created The Smart Stepfamily Guide to Financial Planning . This book integrates practical wisdom of stepfamily relationship dynamics with proven principles of money management and estate planning specifically for stepfamilies.
Howard Dayton, founder of Compass and MoneyWise Radio , cofounder of Crown Financial Ministries
This exceptionally well-written book is invaluable for many types of blended families. It is comprehensive in that it covers a broad swath of real-life family fiscal matters. The books authors handily guide us from scenarios where everyone has their hands in each others pockets to one of structure, clarity, and harmony.
Greg Dewald, CEO, Bright!Tax, Inc.
Unspoken money issues lurk in the background of most stepfamily unease and conflict. I wish there were enough research-based trained professionals to help you with these problems, but there are not. For the best and most comprehensive resource available today, use The Smart Stepfamily Guide to Financial Planning to identify, discuss, and resolve these difficult topicsa gift beyond measure for your entire family.
Margorie Engel, MBA (finance), PhD (law and social policy); former president, Stepfamily Association of America; founding member, National Stepfamily Resource Center (NSRC) and Stepfamily Expert Council
As with all of Ron Deals work with stepfamilies, this book gives wonderful, wise, practical advice. Every stepfamily needs to know how to successfully navigate the unique challenges they face with finances, and this book is an excellent guide to get you there.
Shaunti Feldhahn, social researcher and bestselling author of For Women Only and Men, Women, & Money
The coauthors do a wonderful job of covering all the important financial decisions one will encounter throughout ones life. This is a must-read for someone searching for a pragmatic financial direction in their life.
Bernard Shaughnessy, CFP
Finances can be a touchy and intimidating subject in any setting, and blended families face unique challenges in this arena. Thankfully, theres a book that will help answer their questions and give them peace of mindand this is it! Here is a practical, insightful, and relevant resource for stepfamilies.
Greg Smalley, PsyD, vice president, Marriage and Family Formation, Focus on the Family
Half Title Page
Books in the Smart Stepfamily Series
From Bethany House Publishers
101 Tips for the Smart Stepmom
(Laura Petherbridge)
Daily Encouragement for the Smart Stepfamily
(Ron L. Deal with Dianne Neal Matthews)
Dating and the Single Parent
(Ron L. Deal)
The Smart Stepdad
(Ron L. Deal)
The Smart Stepfamily
(Ron L. Deal )
The Smart Stepfamily DVD
(Ron L. Deal)
The Smart Stepfamily Guide to Financial Planning
(Ron L. Deal, Greg S. Pettys, and David O. Edwards)
The Smart Stepfamily Participants Guide
(Ron L. Deal)
The Smart Stepfamily Marriage
(Ron L. Deal and David H. Olson)
The Smart Stepmom
(Ron L. Deal and Laura Petherbridge)
In Their Shoes
(Lauren Reitsema)
F rom F amily L ife P ublishing
Life in a Blender (booklet for kids)
(Ron L. Deal)
The Smart Stepfamily Marriage Small-Group Study Guide
(Ron L. Deal)
Title Page
Copyright Page
2019 by Ron L. Deal, Aspire and Associates of America, Inc., and Edwards Group LLC
Published by Bethany House Publishers
11400 Hampshire Avenue South
Bloomington, Minnesota 55438
www.bethanyhouse.com
Bethany House Publishers is a division of
Baker Publishing Group, Grand Rapids, Michigan
www.bakerpublishinggroup.com
Ebook edition created 2019
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any meansfor example, electronic, photocopy, recordingwithout the prior written permission of the publisher. The only exception is brief quotations in printed reviews.
Library of Congress Cataloging-in-Publication Data is on file at the Library of Congress, Washington, DC.
ISBN 978-1-4934-2185-5
All names and recognizable details have been changed to protect the privacy of those who have shared their stories for this book.
This publication is designed to provide general information in regard to the subject matter covered. It is not to be considered tax, legal, or other professional advice. The views and opinions expressed are those of the authors. This publication discusses many strategies and techniques that may not be appropriate for every situation. You should consult with your personal advisors, to include tax and legal, before making any decisions based on the content of this book.
Cover design by Eric Walljasper
Ron L. Deal is represented by MacGregor Literary, Inc.
Dedication
Ron
To Dr. Margorie Engel, for being the first to open my eyes to the challenges of stepfamily dynamics and money matters and for leading the way to practical solutions
Greg
To my wonderful wife, Johnita R. Pettys, Gods amazing covenant gift I will forever treasure
David
To Michelle, Bailey, and Cole, and to my parents, Delbert and Pat
Contents
Cover
Endorsements
Half Title Page
Books in the Smart Stepfamily Series
Title Page
Copyright Page
Dedication
Acknowledgments
Introduction
Part One: Laying the Groundwork
1. Taking Stock
2. Creating a Togetherness Agreement
Part Two: Merging Day-to-Day Financial Responsibilities and Relationships
3. Merging Yours, Mine, and Ours
4. Love and Boundaries
5. Money and Former Spouses
6. Computers, Cars, and Cash
7. Parenting Adult Children and Caring for Aging Parents
Part Three: Planning for the Future
8. Planning Your Childs Education
9. Planning Your Retirement
11. Planning Your Estate
12. Stay Calm and Stay the Course
Appendix 1: Pension Options Case Study
Appendix 2: Create an Own and Owe List
Appendix 3: QTIP Trust Case Study
Notes
About the Authors
Back Ads
Back Cover
Acknowledgments
Ron:
This book is the result of two influential conversations for which I am very grateful. The first occurred twenty years ago with Dr. Margorie Engel, former president and CEO of the Stepfamily Association of America. Her early writings on money management innovated solutions for stepfamilies, but it was a personal conversation with her that awakened my interest in this subject and started the process that resulted in this book. Just a few years later, I had dinner with Greg Pettys, one coauthor of this book. As a financial planner with a blended family of his own, he was very interested in this subject and shared many ideas that provide the foundation of this book. We both walked away from that conversation saying, We should write a book someday. We did.