It might be unromantic, but it's true: Marriage is a business relationship. Financial communication plays a critical role in the success of a longterm marriage, Kerry Hannon writes.
A few weeks ago, my niece was married, and in another two months, my nephew will also marry. Both weddings had been postponed from last year due to the pandemic. Another nephew just sent me a save the date for next spring.Wedding celebrations makes me smile. They make me hopeful, and, well, grateful, too.
The average age of retirement among those who have already retired is 60.5 years, while the average expected age for those who had not yet retired is 62.5 years. Nearly half of all couples, interviewed, however, are not on the same page about the actual age they expect to retire. As for their ideal retirement, the majority, 6 in 10 of all couples, plan to stay in their own state when they retire, a trend that has climbed progressively since 2015. Hmm…so much for my column on considering a move for retirement?During retirement, the top goals are to spend time with family and friends, followed by relaxing at home and taking it easy.
And take the time at least annually to meet with a financial planner, who can holistically look at your accounts and help with rebalancing and considering possible new investments.
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