Early Retirement Blog

You are in love – you are planning to get married. You have discussed children, where you want to live, religion, your honeymoon, and many other subjects regarding your future lives together. Have you talked about retirement? Do you, and your soon to be spouse, share the same retirement goals?

In romance opposites may attract, when it comes to retirement, opposites can distract.

Sharing the same retirement goals, will make the task of achieving a successful retirement easier, and may help to avoid mis-understandings later in the marriage. So even though, retirement may be many years down the road, here are some questions to ask before you say I do:

Do you want to retire early?
Where would you like to retire?
What percentage, or amount, of our income should we save each month for retirement?

According to recently published scientific research articles opposites attract when it comes to spending habits.  Spenders are attracted to savers and vice versa.  Which says researchers can lead to “The disconnect between what people say they look for in an ideal mate and the characteristics of actual mates to whom they are attracted is unfortunate,” Rick, Small and Finkel wrote, as the different spending habits often result in greater financial conflict in marriage.  “That’s even though most single people say they would be happiest marrying someone with similar spending habits to their own.”

If your spouse to be has a nasty spending habit, which will make saving for retirement difficult, have him or her read “Overcoming Over-Consumption“, a  free 12 step program that will make the transition to saving easier.

A successful retirement, just like a successful marriage, requires a life-time commitment by both parties. A few simple questions before you get married, can turn I do, into yes we can! You may now kiss the bride