Our research tells us many married couples don’t know anything about their spouse’s pensions and retirement plans. Planning retirement together can make good financial sense. Here we explore pension tips for couples.
Of the non-retired and married people we recently surveyed*:
Not talking to each other about pensions and retirement plans can be a costly mistake. Couples who plan together can be much better off when they stop working.
Most people have a good idea of what their house is worth. It’s a good idea to have the same attitude about your retirement funds. After a lifetime of saving, the value of a retirement fund can be worth as much as a property. It’s important to know how much your savings are worth and the potential death benefits they offer.
As well as talking to each other, it’s well worth talking to a financial adviser. This is especially true for people who plan to retire within the next five years.
At LV= we’ve been specialising in providing trusted and regulated retirement advice for over 20 years. Learn more about how our retirement advice service can help you plan for retirement and get your pensions ready for the retirement you want to enjoy. You can request a call back from one of our friendly advisers today.
*LV= surveyed 4,000 nationally representative UK adults via an online omnibus conducted by Opinium in June 2021.
View the July 2021 Edition of the LV= Wealth and Wellbeing report