5 Retirement Saving Tips for Couples
Planning for retirement for two is almost twice as complicated as planning for just one, and it gets especially complex when both spouses are working. Here's how to maximize your retirement savings -- and your returns -- for both yourself and your spouse.
It's vitally important that both you and your spouse know exactly how much each of you is saving for retirement and how you're handling that money. It would be nice if such joint financial decision-making were a priority for everyone, but unfortunately, that's not the case. A NerdWallet survey found that one in five workers whose spouse was saving for retirement didn't know how much their spouse was saving, and 43% of married workers who were saving for retirement didn't consult with their spouse before making investment decisions in their retirement portfolios.
If you don't know how your spouse is making such basic retirement decisions, then you can't make a meaningful plan for yourself.
Source: Fool.com
