The main challenge of retirement will be financial. Being on the same page as your spouse about income streams and retirement expenditures is key. While you and your spouse should discuss retirement plans and how to adequately save for it long before you are a few years away from retirement, when the time is nearer, there are five conversations you and your spouse should be having says Kiplinger in its article, “5 Money Conversations Couples Should Have Before Retirement”.
1) The Retirement You Both Want. You’ve heard it all before about the various ways you can retire and the activities you can partake in from travel to hours in the sun playing golf. Yet, if you and your partner have different dreams, this can present tension. Of course, relationships are all about compromise, but you don’t want to be trying to strike a compromise when you are already retired. Before retiring, you should discuss expectations and financing each person’s dreams. Having this discussion in advance will help to ensure you are both satisfied and both able to enjoy partaking in the other’s preferred activities as you will know you will be doing them ahead of time.