Saturday, September 29, 2007

Canada: Older couples don't always agree about how to spend retirement funds

Cast5 Many older couples are approaching retirement with very different ideas about what those golden years will be like, even about whether they want to retire and how much time they want to spend together once they do, says a bank report, titled We Need to Talk.  A lot of couples age 50 and above simply don't agree with each other on important aspects of retirement because they don't discuss the issue enough, according to the Scotiabank study, based on results of a survey by pollster TNS Facts.  "We have seen many retirement plans hit a road bump almost immediately out of the gate because the shared vision that the couples thought they had wasn't as shared as it could be," said Barry LaValley, a retirement planning expert, working with ScotiaMcLeod. "Part of the problem is that couples don't often talk about the change in the relationship dynamic and how their day-to-day life will change in retirement."

Source and more:  Montreal Gazette, http://www.canada.com/montrealgazette/news/business/story.html?id=2cc6db52-d8a1-4d29-9510-0e0e5fc3063d

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