If you are married, you need to have a discussion about retirement with your spouse. It may seem like it is far off in the future, but it might be coming sooner than you think. Here are some things you and your spouse should discuss so you can make sure that you are both on the same page about the retirement you are going to share.

Your Lifestyle

Are you and your spouse on the same page about how you are going to spend your retirement? You might think that you are going to spend your days lounging away on a beach only to find out that your spouse plans to volunteer and travel. Make sure you both have the same goals for retirement. If you don’t figure out the best compromise so that you can both get what you are looking for.

Health Care

How are you going to cover your health care in retirement? If you both plan on using Medicare make sure that you understand all the nuances that are associated with it and that it fits into your financial plan. Having health insurance is critical as you enter and live in retirement.

The Right Time

Do you know when your retirement is going to happen? If you both work are you going to stagger it or both retire at the same time. Make sure to run both of your desires and look at your financial plan to make sure it lines up with your wishes.

Contact Stano Law Group for any estate planning assistance.