Retirement concerns for many seniors can stem from one main concern: finances. How will I afford this? Will this be enough to pay for it? How much do I need to save? And the list goes on.
However, there are other concerns future retirees, especially those with a spouse should look into, namely, the unforeseen issues that may raise when one spouse, or both spouses, chose to retire.
An article published on FinancialAdvisor.com, which discussed emerging trends in the baby boomer market, brought up what writer, Robert Laura, likes to call, “the iceberg of retirement.”
What does this mean?
To Laura, who states in the article “traditional retirement planning is like an iceberg…,” there are more issues at hand when seniors plan for retire than what people traditionally concern themselves about.
Most importantly, he stresses the importance of seniors preparing themselves by talking about these issues with their spouse and choosing a financial advisor equipped to lead them through to a comfortable and fulfilling retirement.
Two of the most crucial items on Laura’s list were “preparing the marriage for retirement” and “staying mentally and physically active.”
That’s not to say the other items are less important but these two, to me at least, may be some of the most overlooked items can cause the most damage.