Monday, September 22, 2014 - 2:13:13 PM

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


PA State Police Still on Manhunt for Shooter Eric Frein
Pennsylvania State Police hold a press conference saying they're still on the manhunt for Eric Matthew Frein. Police say Frein is the man behind an ambush that happened near a state police... more

St. Michael's Church Hosts Annual Carpathian Festival VIEW VIDEO
St. Micheal's Church is celebrating their heritage with an Annual Carpathian festival. Festivities kicked off just before noon Sunday at the St. Michael's Recreation Center on Clinton Street.... more

Johnson City Drivers Expect Delays VIEW VIDEO
Drivers in Johnson City might see some traffic delays Monday morning. At 6:30 a.m. Lester Avenue between North Street and Pratt Avenue will be reduced to single lane traffic. Drivers are... more

Mother Asks Community to Help Purchase Tombstone for Slain Son VIEW VIDEO
The mother of a shooting victim last year is asking for the community's help in order to purchase a tombstone for her son.   On October 4th last year, 27-year-old Sergio Beldo suffered a gunshot... more

Binghamton Fights to End Alzheimer's Disease VIEW VIDEO
Binghamton is fighting to end Alzheimer's Disease.  Sunday morning more than 600 locals showed their support in the Annual Walk to End Alzheimer's. Walkers participated in a 3-mile walk... more

Locals Walk for Suicide Awareness VIEW VIDEO
Walking for suicide awareness -- that was the goal of one local group Sunday morning. Suicide awareness voices of education or S.A.V.E. held their first annual walk at Dorchester park. The goal... more

Family Raises Awareness for SMA VIEW VIDEO
One family is trying to raise money for Spinal Muscular Atrophy or SMA.   Sunday morning the public was invited to the Cure SMA Day Craft and Vendor Fair held at the Harrison Street... 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...