Sunday, November 23, 2014 - 11:00:50 AM

Local News

Print Friendly | Bookmark and Share

Are Couples on the Same Page for Retirement?

Jason: Looking forward to retirement can become stressful for couples, as Greg Lesko of Lesko Financial explains. 

Greg: Maybe you and your spouse spend happy times dreaming of everything you'll do when you both retire.
but are you sure those dreams look the same? It turns out that fewer than half of all spouses plan their retirement together.
And more than a third of those who do discuss it disagree on exactly what kind of retirement they each want. 

Jason: How do differing ideas about retirement cause problems for  couples? 

Greg: Financially, it can be a real disaster. If he's dreaming of a luxury yacht or traveling the world, and she wants to downsize or start her own business, there's a big difference in what income they'll need.

One husband got a shock when he retired and expected his wife to keep on working and she wanted to stop  working, too. Couples need to talk through the details of their retirement dreams. 

Jason: How can they get on the same page? 

Greg: The first step is to tell your spouse what you see yourselves doing in retirement-- separately and together. You'll have to find some way to compromise and agree on a vision.
Next, you'll need to turn that vision into an actual plan and put  dollar figures on it to decide how much you need to save and invest.

And most important, each spouse needs to be actively engaged in  working the plan to make it a reality, including keeping track of the  financial details.

VIEW VIDEO
blog comments powered by Disqus


Back Back

Binghamton web design and website hosting by EFX internet  EFX internet


Additional Articles


Officials Warn Residents About Flooding Issues In Surrounding Counties VIEW VIDEO
New York State Police are reminding residents in Lewis, Jefferson Oswego and Oneida counties about flooding and drainage issues after this week's snowstorms. Just a few hours west, Buffalo, one... more

Chenango Valley School District Continues Holiday Tradition VIEW VIDEO
A 20-year tradition continues in the Chenango Valley School District.   Saturday, the school held its annual holiday craft show, featuring more than 80-different venders. There were also... more

St. John's Ukrainian Church Hosts Holiday Bake Sale VIEW VIDEO
St. Johns Ukrainian Church in Johnson City is also making sure the community is ready for the holiday season.   Saturday, they held their annual holiday bake sale. The focus? Ethnic foods.... more

Mills Creek Merchandising Opens in Endicott VIEW VIDEO
Endicott residents now have a new place to shop, and it's opening in time for the holidays!     Saturday was the grand opening of Mills Creek Merchandising, a store that focuses on selling all... more

Brothers Two Hosts Ski Sale VIEW VIDEO
Skiers will be taking to the slopes soon, if they already haven't .. but what happens if you've outgrown your ski gear? Saturday, skiers had the chance to bring their snow boards, skis, boots and... more

Animal Adventure Holds Fundraiser Farm VIEW VIDEO
Animal Adventure in Harpursville is making sure every family in the community is staying full of holiday cheer this season.   With the farm currently in it's second year, and thousands of... more

Johnson City Woman Facing Felony Charges VIEW VIDEO
Johnson City Police have arrested a woman who they say assaulted her landlord with a hammer and her fist.     38 year-old Kimberly Brehaut has been charged with assault and criminal possession of... more

Click here for more local news...icon

ADVERTISEMENT

ADVERTISEMENT

 A News Story

If you are looking for a copy of a news story that we recently aired, simply click here to find out how.

Breaking News

Do you have a tip or information about a breaking news story? Contact the FOX 40 News Desk at 607.798.0070 or send us an email .




ADVERTISEMENT

Share to Facebook Share to Twitter Stumble It More...