In a society that has grown to value experiences above all else, the last thing on a Millennial’s mind is saving for retirement. But it should be in the forefront. The younger you are when you begin contributing, the more you will have down the road when it’s time to retire.
Many couples enter the retirement stage of life, and find, not surprisingly, that their aspirations for retirement differ; sometimes only slightly but other times colossally. Thus, it is important to discuss your expectations with each other before you retire to avoid conflict when you get there.
Women now comprise 60% of the people receiving Social Security benefits, so it’s easy to say that it is a significant component of any woman’s retirement plan.1 As with many aspects of retirement planning, Social Security can be confusing -- not only to understand, but to implement correctly.
© 2023 JMB Financial Managers, Inc.. All rights reserved.
