Are You In Sync With Your Spouse About Retirement?
Are You In Sync With Your Spouse About Retirement?
Do you and your partner share enough money info to stay on track to your dream retirement? Try this quiz and find out.
Do you and your partner share enough money info to stay on track to your dream retirement? Try this quiz and find out.
When it comes to your finances, aside from your 401(k) and IRAs, do you and your spouse:
Who handles your day-to-day finances, such as bill paying?
Do you know how much your spouse earns?
Does your spouse know how much you earn?
Which one of you is in charge of investing for retirement?
Could you both identify how much money you have in total household savings?
How often do you talk with your spouse about your retirement goals?
Have one or both of you tried to estimate if your retirement finances are in good shape, such as by using rules of thumb or an online calculator or working with a financial adviser?
Have you and your spouse talked about whether you will stay in the same geographic area when you retire?
How do you and your spouse think your life in retirement will work out financially?
On the Right Path
On the Right Path
In addition to sharing essential money information, you and your spouse have clearly started the conversation on your long-term goals. That gives you a big advantage in achieving your retirement dreams. Keep it up!
Almost on the Same Page
Almost on the Same Page
As a couple, you share a lot, but not quite a enough when it comes to your finances. So have a frank money talk with your spouse about your saving and investing strategy and your goals. A coordinated approach is key to a comfortable retirement.
Schedule a Sit-Down
Schedule a Sit-Down
You and your spouse are keeping too much of your financial information separate. That's a big obstacle to your retirement goals. Better sit down together and have a money heart-to-heart. If it feels too overwhelming, consider hiring a fee-only financial adviser who can help you find common ground.