Seven Big Mistakes Couples Make in Retirement

| April 9, 2014 | 1 Comment |

Seven big mistakes couples make in retirement

 

 

 

 

 

Getting ready for retirement? Just salivating at the thought of you and your spouse getting in that RV and roaming around the country? Or is your dream sitting on that deck in the morning with your spouse, a cup of coffee and a good book?

If you and your spouse haven’t yet sat down and talked about what you will do in retirement, you’d better do it now. Retirement experts say there are a lot of mistakes couples make in retirement. and many of them involve communication and planning, or the lack of it.

“It’s easy to make mistakes because retirement can be complicated, so it’s not a rare thing,” says Matthew Shafer, economist and author of The Future of Your Wealth. “Most mistakes have to do with not doing planning.”

So, here are seven of the biggest mistakes couples make in planning for and living in retirement.

“When one stops working or both stop, they spend a lot more time together,” says Joe Duran, CEO of United Capital in Newport Beach, Calif., and author of The Money Code. “For most of their lives they are raising kids, and that is their distraction.” When kids leave, it is an awkward period — and a time when divorces happen. They stare at each other and ask if they like the person they’re with, Duran says.

 

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