Retirement, Communication, and Marriage

Retirement, Communication, and Marriage

Core Facts

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Planning for a blissful retirement can be work sometimes. There are a lot of details to consider, and even more so as a married couple. And even more if there are children involved. It’s not the most comfortable conversation to have with your spouse, but it certainly is important. 

Just as communication is essential to any successful marriage, the same applies to a successful retirement. In a recent study,  it was found that while the majority of couples (72%) say they communicate exceptionally or very well, over 40% failed to correctly identify how much income their partner makes—and of that, 10% got it wrong by $25,000 or more. The same study revealed that only one in five couples had developed a detailed retirement income plan. 

Starting the conversation early and getting on the same page makes it a lot easier to progress toward a common goal. Getting on the same page includes being completely transparent with one another in terms of income and spending and formulating an accurate long-term common plan. 

If you think of the marriage as a metaphorical company, the CFO job has to be executed by one of the partners, and if that partner happens to fall ill or become unable to do the tasks required, the other partner should be able to step in and keep the financial motor running smoothly. 

Communication is the only way to resolve disagreements too. A recent survey revealed many couples are on the same page when it comes to their ideal retirement lifestyle. However, among those, almost two-thirds were in agreement on where to live, while roughly 40% did not agree or had not discussed the topic. Surprisingly, almost a quarter of couples who were already retired were not in agreement or had not talked about it. 

While it’s not expected that couples will agree on everything, communicating openly and respectfully with one another will smooth any ruffles along the way. Consulting an advisor to help with the retirement plans will help, since you can get another perspective and some professional assistance in the matter. 




Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities. 

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC


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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Teaneck and Princeton, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website:

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Jake Mendlinger
Account Manager
516.829.8374 X 232

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