How Can Couples Plan for Retirement When They Disagree About Money?
You can spend decades together and still think very differently about money. One spouse wants the reassurance of cash in the bank. The other wants investments with room to grow. I see this often, and I start by asking what each person needs to feel secure.
Kristin and I worked with a couple who had very different comfort levels with investment risk. He was comfortable taking substantial risks. She worried about losing money and being unable to cover everyday expenses. Accessible savings and a clear monthly income plan helped address her fears, while their overall resources allowed room for investments focused on growth.
Your situation may call for a different approach, but the starting point is the same: agree on household expenses, lifestyle goals, and how you will cover them. Both spouses should understand the plan and the risks involved. A retirement plan should help you pursue your goals and feel comfortable enjoying what you have worked for.
If you would like help getting that conversation started, reach our team throughLegacyRetirementGroup.com.