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June 29, 2011 at 11:10 AM
Couples preparing for retirement not only worry about their financial health but fail to agree on many subjects involving the so-called golden years, according to a Fidelity Investments survey released Wednesday.
The Couples Retirement Study, showed that only 41% of couples handle investment decisions for retirement savings together.
That isn’t the only area in which couples aren’t exactly on the same wavelength. Fully a third can’t agree on, or don’t know when, they will retire. Almost two-thirds can’t agree on retirement age, almost half (47%) can’t agree on whether they’ll continue to work after retirement, 73% can’t agree on whether they’ve completed a detailed retirement income plan, and only 17% are completely confident that, if something happened to make it necessary, their spouse could handle their joint retirement finances.
Kathleen A. Murphy, president of personal investing at Fidelity, said in a statement, “Millions of American couples have worked very hard to save for retirement. However, far too many don't take the time, or have the comfort level, to jointly discuss their plans for the future.
