<human>: I am thinking about merging finances with my SO. When we met, I had a young son. My SO, being the kindest individual I have ever met, treats and considers my son as his own. Things are going great and we got engaged. Before we marry (later this year), I want to consolidate our finances, as families do. I see the main advantage to this being that we can manage our money together, as a team, and be supportive and good influences in each others lives. Our goal is to live below our means and save as much as possible, we are both good at this.

First, me. I have about 50k in savings, 15K in IRA's and 30K in 401-K  & no debt. My Fiancé has about 5k in savings (He has 8k cash in his savings account, but I am excluding the 3k he has in Credit Card debt on American Express (He pays off very responsibly).

He banks at Wells Fargo, I have Citibank Gold account. My idea is for him to transfer his savings, the 8k into my bank account and close his. And then I make a card for him. Is this the way to merge assets with a SO?

The purpose is to pay bills, such as our rent, out of just one account.

Fiancé just left his 60k/year job to start a new company. It is something that we are starting together and his family is providing the initial investment. We will be 20% owners in the company. My SO might not receive a paycheck for around 2 months, but after that, his income should be stable, at least 50k initially.  

Does anyone have advice relating to merging finances in a relationship? At the moment, I make significantly more than my boyfriend and I am way more financially stable. If you have any advice for my situation, please let me know. Thanks!

Can you provide a brief rundown of the text in within 3 sentences?
<bot>: Me (27, F) making around 150k & Merging Finances with Fiancé (34, M) who has no income currently, starting new business.