What is my retirement age? How much money do I need to retire? How do you discuss money with your spouse? Chances are that you don’t. A recent Today/MSNBC story reports that
Couples aren’t always in agreement about retirement issues and a surprising number don’t even talk about finances, the national survey for Fidelity Investments says. Even the basics like when they plan to retireand how much money they need to save just don’t enter into conversation.
It appears that Americans know we should be talking about and planning for our financial future, but we just don’t do it. The article goes on to claim…
In the “Do as I say, not as I do” department, nearly 60 percent of married couples say that newlyweds should make daily finance decisions together, but less than half say they actually do so themselves.
With all the daily challenges of life, and with the current difficult economic environment, we tend to just keep ignoring our long term financial future. How long have you been procrastinating? 5, 10, 20 years? Two financial advisors contributing to the article had the following quotes.
“You’d think it should raise some eyebrows and they would say we’d better start thinking about this, but actually they just shelve it even further, defer the inevitable,” ~Nicholas Yrizarry, Herndon VA.
“Typically what we find is you’ve got one spouse that’s adamant about it and one spouse could really care less,” he said. “It makes it very difficult and puts a lot of stress on a marriage.” ~Dean Barber, Lenexa KS.
What will you do this year to take control of your retirement? Share your ideas by commenting on this post. Others may benefit from your ideas.