Planning Your Golden Years:
A Retirement Guide
Get Together
Couples who have been at odds with
their financial goals, or who haven’t talked about money before retirement, may
find things strained when their regular paychecks end. Because most people have
to make financial and lifestyle adjustments during retirement
It’s important for couples to start
talking about their differences, as well as their shared goals. A good place to
start is the book Money Harmony by money therapist Olivia Mellan. It’s available
in most bookstores and libraries. Many churches and local community centers also
sponsor workshops about couples and money.
Eliminate Credit Card
Debt
If you have unsecured credit card debt,
make it a priority to pay it off before you retire. Paying off high-interest credit
card debt on a fixed income can sometimes be especially stressful. The high interest
rates associated with credit cards can add-up, especially on a fixed income. If you
have five or six credit cards now, keep one or two with the lowest interest rates
and pay off the others before you retire.
Decide Where You Want to Live
