Many couples face disagreement when it comes to investing their retirement assets. One partner may see the potential in dividend-paying stocks, while the other may not. So, how can you convince your spouse to consider this investment opportunity?
Finding Common Ground and Compromising
When it comes to financial decisions, compromise is key. Start by having an open and honest conversation with your spouse about your investment goals and concerns. Listen to their perspective and try to understand their reservations.
Understanding Required Minimum Distributions
Another factor that might affect your investment decisions is the complexity of required minimum distributions (RMDs). These rules can be confusing and may deter your spouse from considering certain investments. It’s important to educate yourselves together about these rules and explore strategies to simplify the process.
Planning for Aging in Place
Aging in place is a popular choice for many retirees, but it’s essential to plan for the future. Consult with an eldercare expert who can provide guidance and insights on this topic. They can help you make informed decisions about where and how you want to spend your retirement years.
Additional Retirement News:
- Is everyone a little bit ageist? How to fight back.
- Individual bonds vs. bond ETFs and funds: How hard are you willing to work?
- With Medicare open enrollment, ‘senior hunting season’ is about to begin.
- ‘I was meant to be here’: The pros and cons of a 55-and-over community.
- ‘I don’t want to live to be 120’: What one hospice nurse says about dying.
- I bought Series I bonds, then forgot about them. Are they still worth anything, or should I sell them?
- Confused about Medicare enrollment? How to get help.
- Feeling gloomy about your retirement savings? Here are four steps to improve your outlook.
What Lies Ahead for Younger Workers as Older Americans Extend Retirement Age
Proposed Law Could Allow Ex-Temps to Make Catch-Up Retirement Contributions
Government Executive discusses a revived bill that proposes allowing ex-temps to make catch-up contributions to their retirement accounts. Learn more about this potential change and its significance.
Remember, investing decisions should always be made based on careful consideration of your individual circumstances and objectives.
Martin Scorsese on Quentin Tarantino Retiring: We’re Not Built the Same (Variety)
Pensions Panel Recommends Guaranteed 13th Check-COLA Split (Indiana Capital Chronicle)
How Inflation is Reshaping Retirement (CPA Practice Advisor)
Research and Insight:
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How the Average Retirement Age and Wage Will Change in 10 Years for Men vs. Women (Nasdaq)
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Here’s the Average Social Security Retirement Benefit for Spouses Aged 62 to 70 (The Motley Fool)
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More Workers ‘Terrified’ They Cannot Afford Health Care in Retirement (Plansponsor)
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The Netherlands Named the Best Place to Retire (Travel + Leisure)
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Why Have Disability Awards Been Declining? (Center for Retirement Research at Boston College)
To Share with Your Family, Friends and Clients:
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Inflation is Already Racing Past Next Year’s Social Security COLA
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What’s the Best Way to Give to Charity?
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Moving can be a Real Headache. How — and When — to Move in Retirement.
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I’m 92 and Will Probably Live to be 100. I Have about $250,000. Thoughts?
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How Many More Years Will You Live? Here’s How to Make an Educated Guess.
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$90,000-a-Year College is Coming. Here’s How Big Data Might Save You Money on Tuition.
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If I’m 67 and Still Have Health Insurance Through Work, Can I Delay Signing up for Medicare?