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In mid 2011, Boston-based Fidelity, one of the country’s largest individual retirement account and workplace retirement plan providers, surveyed 648 married couples with a household income of at least $75,000 or at least $100,000 in investable assets. Respondents had to be at least age 46, married and living with their spouse to be included. Source: MSNBC  Based on the finding from the survey, many couples are not communicating about retirement.

Consider these results from the survey:

  • 33% said they don’t agree or don’t know where they plan to retire.
  • 62% of couples approaching retirement don’t agree on the age at which they will stop working.
  • 47% of couples approaching retirement don’t agree on whether they will continue to work in retirement.

The trend of non communication between husbands and wives regarding retirement planning is a huge concern. Statistically, women are relying on their husbands to make all the retirement and financial decisions, but they tend to live longer than husbands by 3-5 years. So, when a husband passes away, it’s unlikely that the wife will know how much it costs to live and continue her current lifestyle.

Simple but necessary discussion points:

1. When you want to retire
2. Where you would like to live during retirement
3. Whether one or both of you will continue to work
4. The sources of income you’ll have during retirement years
5. How much income you expect to generate during retirement

I strongly recommend that husbands and wife take a cohesive approach to their retirement planning decision-making. This is so both parties will be in full control and have a complete understanding of their financial responsibilities.  If you’re new to retirement planning, don’t be concerned. I’m here to help you navigate through the necessary decisions to get you into comfortable retirement years. Let’s start by getting talking so we can keep your money safe!

Talking About Retirement : Avoid Cracking Your Nest Egg

Join me at my next seminar on Tuesday, July 10th, 2012 OR Thursday, July 12th, 2012

The Blue Dolphin Sefood Bar & Grill
1166 Route 3 South
Gambrills, Maryland 21054

Time: 5pm

Due to the popularity of this program, seating is limited.

Please call now (24hours) to reserve your seats.