Basic Retirement Planning Tips for Couples

Basic Retirement Planning Tips for Couples Bulman Wealth

Retirement may be something you’re planning for with a partner. If you are married or are living with someone and you’re both heading into retirement together, there are a lot of things that you’ll need to consider. After all, you’re not just planning for yourself; you’re planning two retirements together! This means you’ll have additional strategic challenges and solutions when it comes to your retirement tools and timelines. So, what are some things that can help with retirement planning for couples?

  1. Communication is Key

This is one of the most important things when it comes to retirement planning as a couple. Have you thought about what you want out of retirement? Have you talked to your partner about what they might want? Have you talked about what those two things might look like together? These questions can be a great place to start when it comes to communicating what you want your golden years to look like together.[1]

  1. Your Differences Matter

Not every couple is going to have the same retirement timeline or wealth situation. It may make sense for you to retire earlier than your spouse or vice versa. It’s important to think about what this might mean for your plan together. How will your transition into retirement affect how you handle expenses as a couple?

Similarly, what kinds of plans will each of you need for long-term care and medical insurance? Are you going to share a plan, or should you consider separate plans? Medical costs might be a big part of your retirement plan, so a conversation about them might be a good idea.

There is a lot that goes into retirement planning, and these questions only scratch the surface. It can be easy to write off retirement planning and assume that you and your spouse will need all the same things. But everyone is different, and you may need to consider a more complex plan tailored to each of your needs.

  1. Seek Guidance

If you’re realizing that retirement planning with your partner is much more complex than you thought, Click HERE to reach out to one of our professionals at Bulman Wealth Group for a complimentary review of your finances. Finances are a huge and potentially hairy topic for couples, so proper planning may help you avoid costly conflicts. Our professionals can help you unearth questions and solutions that will guide you toward a strategy that can work for both you and your partner.


All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or an indication of future results.

Opinions expressed herein are solely those of Chris Bulman Inc. dba Bulman Wealth Group and our editorial staff. The information contained in this material has been derived from sources believed to be reliable but is not guaranteed as to accuracy and completeness and does not purport to be a complete analysis of the materials discussed. All information and ideas should be discussed in detail with your individual advisor prior to implementation. Investment advisory services are offered through Chris Bulman Inc dba Bulman Wealth Group, an SEC Registered Investment Advisor. Insurance products and services are offered through Chris Bulman, Inc. dba BWG Insurance Agency and Ameritas Life Insurance Corp., CA State Insurance License # 0M46922. Being registered as an investment advisor does not imply a certain level of skill or training.

Bulman Wealth Group, BWG Insurance Agency and Ameritas Life Insurance Corp. are not affiliated with or endorsed by the Social Security Administration or any other government agency.

Any statements or opinions expressed should in no way be construed or interpreted as a solicitation to sell, or offer to sell, advisory services to any residents of any State other than the States where otherwise legally permitted.

Images and photographs are included for the sole purpose of visually enhancing the website. None of them are photographs of current or former Clients. They should not be construed as an endorsement or testimonial from any of the persons in the photograph.

Purchases are subject to suitability. This requires a review of an investor’s objective, risk tolerance, and time horizons. Investing always involves risk and possible loss of capital.

Share this post with a friend or family member!


Archived Blog Posts