Discuss These Five Things With Your Spouse Before Retirement
1. Timing of Retirement: Among the many factors that go into choosing a time to retire, couples should think about how to best maximize their Social Security benefits.
2. Finances: Both spouses should understand their financial situation and have a clear understanding of whether those situations are working in sync.
3. Type of lifestyle: Couples should discuss their hopes and dreams for retirement. Each partner making his or her own list and then comparing those lists is a good place to start.
4. Health Care: Be sure that both you and your spouse have adequate health care coverage.
5. Long-term care: Speak to your elder law attorney about putting a plan together for this early on.
See Five Topics to Discuss With Your Spouse Before You Retire, ElderLawAnswers, Apr. 8, 2013.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.