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Love & Money: How to Achieve Financial Compatibility in Retirement

Love & Money: How to Achieve Financial Compatibility in Retirement

February 05, 2020
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Valentine’s Day is a time when many of us are thinking about romance, but another key component of a healthy relationship is financial compatibility. While it’s important to be on the same page financially throughout your relationship, it’s especially important to get on the same page when planning your golden years together.

 We often see couples who have very different opinions when it comes to their retirement dreams; even worse, we see many couples who come into our office who have never talked about their financial future. One person might want to travel, while the other wants to stay home and spend time with grandchildren. Couples who can’t get on the same page often feel resentment toward the other spouse if their expectations are not met. To overcome these differences, we work with you to create a financial roadmap that will help each person in the relationship feel they are heard.

 Figuring out if you’re compatible with your partner doesn’t have to be difficult, but it will take cooperation and compromise. We want to make the experience easy for couples. When you sit down with us, we will walk you through the process of creating your dream retirement as a couple. The first thing we ask the two of you to do is dream big. We find out what’s important to you and your family. This includes everything from traveling to driving a new sports car and saving for a child’s wedding.

 Questions we want you to think about together:

            What age do you each want to retire?

            Where do you want to live?

            How do you want to spend your time in retirement?

            Will we leave a legacy to our children?

 We know this process requires each of you to be vulnerable about all the personal aspects of your life. But it’s crucial we get to know you before creating your financial roadmap.

 Once we get both of you on the same page and decide the lifestyle you want together, we can estimate how much income you’re going to need to make it happen. We are confident our investment strategies will help make your dreams possible. The tools we use will ensure we are maximizing your savings in retirement to make sure you are financially sound as a couple. The exciting part of planning is getting to tell a couple we have reached or surpassed their goals and dreams and it’s time to dream bigger and set new goals!

 Our planning process brings couples together to discuss their financial future. Take action and start the conversation to ensure you’re financially compatible now and in retirement.

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