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Money Minute
Quick Tips
Picture Your Retirement
Money Minute
Take the time to visualize your retirement, and then discuss it with your spouse, so you can work toward your picture perfect retirement together.
 

How do you imagine your retirement? Traveling the globe, or perhaps relaxing on the beach with your spouse? Maybe you want to explore a long held passion, or just spend time with family. Whatever scenario you picture, you should talk about it with your spouse, because when your expectations are aligned, it will be easier to plan for that shared future.

One way of gauging how prepared you are for retirement is to compare the lifestyle you have in mind to the funds you actually have saved. For example, if you both want to be able to travel, you need to build that into your retirement budget. Funding that dream may mean a compromise – maybe one of you continues to work a while longer, or you might choose to downsize to a smaller home (and smaller mortgage!).

The key is, talk about your plan so you can work together to make it a reality.





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