Couples Fight More About Finances before Retirement – No Duh?!
Interesting article about the stress retirement and finances can put on couples. It is CRITICAL that couples put together a PLAN that address their concerns with specific details to protect and preserve their finances and assets. We are happy to meet with you to discuss how we can protect your assets and take the stress out of retirement.
There is an old adage: A FAILURE TO PLAN IS A PLAN TO FAIL.
This is true with most aspects of life but most especially with finances. Too often people wait too long to face the economic realities of retirement. The thought being I will just earn as much as I can during my working days and hope it holds me is simply not enough. People do not need to live in the dark or in fear. Meeting with a financial planner who can model out your lifestyle and the costs associates with it will be helpful in determining if you need to make adjustments.
The other aspect of finances is seeking to protect them. If you learned that you would need to spend over $109,000 per year on a spouse and their care in 3 years, would you do anything different today? The answer to that is a most definite YES. Should one of you require skilled care, it costs over $109,000 per year and is not covered by insurance, thus a plan for that expense is critical for the healthy spouses financial future.
Want to discuss your plan? Contact us for a free consultation.