Thursday, July 7, 2011

A Team Effort

Have you talked to your wife - or your husband - lately about your retirement plans? No? If so, you're not alone, according to a new survey from Fidelity. Nearly two-thirds of the married couples surveyed couldn't even agree on the age at which they'd retire.

Only 41 percent of all couples have handled their investment decisions for retirement as a team. Just 17 percent say that either spouse would be able to take care of their financial decisions, if need be. And a whopping 73 percent of all married couples can't even agree on whether they have a detailed, completed retirement plan in the first place.

If you're unsure of what your retirement might entail, or what your spouse thinks it will entail, it's never too early to sit down and have that conversation. Better yet, sit down with your wealth manager and discuss what your retirement will be like - and what you want it to be like.

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