We’ve Moved! 6121 Excelsior Blvd. St. Louis Park, MN 55416

How Long is ‘Till Death Do Us Part?’

One result of today’s longer lifespans is that marriages last longer too — unless they’re cut short by divorce. People may have been more likely to stay married when retirement lasted just 10 or 20 years, but now that more retirees live into their 80s and 90s, divorce is a more common option.

Between 1990 and 2010, the number of failed marriages doubled for people over age 50. As if retirement income planning wasn’t difficult enough, divorce can significantly impact a well-developed strategy. The point isn’t to start working on two separate retirement income strategies just in case of divorce, it’s to consider what you want your lifestyle to be like during retirement.

It’s important to have discussions like this with your spouse years before the big day comes, because you may find your ideas are completely different from your spouse’s. One or both of you may realize you just won’t be compatible spending so much time together (or apart, doing different things) after all those years of family and career monopolizing your relationship.

Or, hopefully, you’ll identify any issues you need to address and work on them together. Just because a couple has been married for a long time doesn’t mean they no longer have to work at it. The idea is to retire from your job, not your marriage. It’s important to ensure your relationship remains as strong and sustainable as your retirement income, especially now that both may last longer than in past generations.

Get the latest retirement news today!

Subscribe Now

  • This field is for validation purposes and should be left unchanged.

Pick your topic or keywords

Similar Posts

Getting to the Truth: How Strong is Social Security Anyway?

The number one news headline grab this month isn't the Kardashians or Donald Trump. Nor is it Spieth's distressing loss at the Open Championship by…

Continue Reading
Secured Retirement Radio: Probability Investing vs. Safety First

Blog post written by Dale Decker We all have different tolerances for risk. Some people prefer to go big and climb Mount Everest. Others are perfectly…

Continue Reading
Cary Grant’s Retirement Income Checklist

“You never miss the water until the well runs dry.” His Girl Friday (1940) – Walter Burns (Cary Grant) In the 1940’s movie His Girl…

Continue Reading