ThIs Is The Biggest Way Couples Screw Up Retirement Planning
Huffington Post - over 1 year
In theater, a play for two actors is known as a two-hander. Well, for couples, retirement planning should be a two-hander, too. Turns out, according to a new NerdWallet survey, one hand doesn’t know what the other is doing.
NerdWallet and Harris Poll interviewed more than 1,800 Americans in a relationship — ones who are either married or living with a partner. A third said that neither they nor their partner is saving for retirement. That’s depressing.
But the findings are even more disturbing among couples where at least one partner is doing so. They show how little communication is going on.
“You’re in it together. This is not a solo endeavor,” said Dayana Yochim, a NerdWallet investing specialist. But the survey seems to indicate otherwise:
Of the 36 percent who said their partner is saving for retirement, about one in five (23 percent) don’t know how much the partner is contributing to retirement accounts.
Roughly the same percentage (21 percent) don’t have a ge...
Article Link: Huffington Post article