For Better, For Worse: Communicating About Retirement
A recent survey suggests that many couples are not communicating clearly about retirement goals and strategies, even as they approach retirement age. The couples surveyed were at least 46 years old with a minimum annual household income of $75,000 or at least $100,000 in investable assets.1Only 41% said they handle decisions on retirement savings and investments together, and 73% disagreed on whether they had a detailed strategy for retirement income. Many couples also disagreed on when they would retire and whether they would continue to work in retirement.2  In general, wives expressed less confidence than husbands about handling retirement-related financial decisions (see chart). This trend is of special concern considering that women often have longer life expectancies than men and may eventually have to make financial decisions on their own.3 Talk It OverRecognizing and working through these kinds of issues could help prevent unpleasant outcomes. Even if you and your spouse communicate well about retirement, it may be helpful to discuss these basic topics:
Preparing for retirement can be a major challenge. Making sure you and your other half are in agreement and working toward common goals may help you avoid wasted effort and lost opportunities. 1–3) financial-planning.com, June 29, 2011 The information in this article is not intended as tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Emerald. © 2012 Emerald Connect, Inc. |
| Bridge Valley Financial Services, LLC. |
print this page| PO Box 383 | • | Furlong, PA | • | 18925 |
| Phone: 215-598-9460 | • | Fax: 215-598-9462 |
| • | ADUTTON@NEWBRIDGESECURITIES.COM |
Disclosure Statements:
Securities offered through Newbridge Securities Corporation. Austin Dutton is an Investment Advisor Representative with Newbridge Financial Services Group, Inc., the Investment Advisory Division of Newbridge Securities Corporation, an SEC Registered Investment Advisor and Broker Dealer, Member: FINRA/SIPC. Investment Advice and Securities are offered through Newbridge Securities Corporation. This website should not be deemed as an offer or solicitation in states where the investment advisor representative is not registered to provide services. Specific recommendations can only be based on review of client’s individual investment objectives upon request and with client’s review of appropriate offering documents. Prior performance is no guarantee of future results.
Legent Clearing is a member of the Securities Investor Protection Corporation (SIPC), which provides coverage for accounts up to $500,000 (including up to $100,000 in cash), per client as defined by SIPC rules. Legent Clearing policy through Lloyd’s of London provides additional account coverage up to $24.5 million (including up to $900,000 in cash) per client as defined by SIPC rules. With both SIPC and Lloyd’s of London coverage, accounts are protected up to a total of $25 million per client (as defined by SIPC rules) including $1 million for cash balances. This coverage does not protect against loss of market value of securities.
Dorsey Wright & Associates is an independent and privately owned registered investment advisory firm providing subscription only research. The foundation of all services from DWA is based on the Point & Figure method of technical analysis. DWA is a world leader in supplying technical research services to the financial services industry. DWA is not affiliated with Newbridge Securities or Legent Clearing.