Couples should carefully consider the financial and emotional consequences of retiring simultaneously before making the decision. If you're considering retiring at the same time, @peter with @richonplanning and @erinkennedy walk through 4 questions you should consider first:

 

1. Have You Correctly Calculated Your Cost of Living in Retirement? According to a recent study: 46% of older adults spend MORE money during their first few years of retirement than before retiring! 
2. When is the Best Time for each Person to Claim Social Security?
3. Do You Feel Ready to Retire? The decision to retire is not just a financial one. And keep in mind, when spouses retire simultaneously, they suddenly start spending A LOT more time together. 
4. Do You Have a Good Retirement Plan?

 

If you'd like to work through the financial benefits and drawbacks that come with retiring at the same time, please give Peter a call at (919) 300-5886 or set up a complimentary appointment at www.RichonPlanning.com

 

#Retirement #WealthManagement #SocialSecurity