Canada: Older couples don’t always agree about how to spend retirement funds

Many older couples are approaching retirement with very differentideas about what those golden years will be like, even about whetherthey want to retire and how much time they want to spend together oncethey do, says a bank report, titled We Need to Talk.  A lot ofcouples age 50 and above simply don’t agree with each other onimportant aspects of retirement because they don’t discuss the issueenough, according to the Scotiabank study, based on results of a surveyby pollster TNS Facts.  “We have seen many retirement plans hit aroad bump almost immediately out of the gate because the shared visionthat the couples thought they had wasn’t as shared as it could be,”said Barry LaValley, a retirement planning expert, working withScotiaMcLeod. “Part of the problem is that couples don’t often talkabout the change in the relationship dynamic and how their day-to-daylife will change in retirement.”

Source and more:  Montreal Gazette, http://www.canada.com/montrealgazette/news/business/story.html?id=2cc6db52-d8a1-4d29-9510-0e0e5fc3063d