Investor Central

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Wednesday, March 12, 2014

Do Your Retirement Dreams Match Your Partner's?

CNN Money points out eight retirement issues that may cause a rift in any mutual partnership.  The very first issue they discuss is where to live upon retirement.  According to the article, 34 percent of retiring couples disagree about where or whether to move.  Deciding where to settle down has shown to be a great area of disconnect between couples, with differences often deriving from family obligations and community connections.
If you find yourself in a similar predicament, CNN Money suggests comprise.  Before making any bold decisions, try renting in the retirement area of your choice and see how it goes.  If that doesn't work out - give your partner's dream retirement area a chance.  Once you've settled on an area and have found your dream home, don't forget to consider the costs!  You can expect to pay around 1% of the home's annual cost for things like maintenance, insurance, utilities, and association fees.

Check out the article to read the next 7 retirement obstacles and tips:


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