A. For people considering second marriages, financial considerations maybe more important than emotion considerations. Here are a few major factors to consider:
1. Loss of alimony
If you marry again, you will lose the payment from your previous spouse. Ask yourself if you do need this money for your living expense or retirement. Some states even allow your previous spouse to stop paying alimony if you start living together with a new partner.
2. Kids college financial aid
College financial aid offices will consider both parents' assets and incomes, if you marry again. For private colleges even consider your partner's income and asset, even you are not legally married yet.
3. Social security payment
If you are enjoying the social security payment of your previous spouse, if you marry again, this income source will stop. The only exception is if you remarry after age 60, and your previous spouse has died; or your second marriage ends again, then you can continue receiving the social security payment.
4. Estate planning
Make sure talk to a lawyer about anything might impact your estate planning if you marry again.