Friday, June 6, 2014
A study out of MIT researched the financial and retirement planning habits of married couples. What it found is that couples are not talking about issues that will be important in their future. Here are three questions that couples should know each other’s answers to:
- Priorities: What are the other spouse’s priorities regarding where to live, and if and how to provide for adult children?
- Risk: What spending habits are viewed as too risky for future financial stability and how much money should be set aside to provide for the surviving spoue?
- Family: Who is included in the other spouse’s view of needed family members to be provided for?
See Joseph Coughlin, Retirement Planning as Marriage Counseling, Market Watch, June 3, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.