Retirement is just around the corner, and the stars have aligned so that you and your spouse can retire together. Sounds perfect, doesn’t it? However, it can also become a recipe for disaster without thoroughly considering the pros and cons first.
In today’s episode, we explore the perks, surprising complexities, and challenges of when married couples retire together. From enjoying newfound freedom to facing unexpected and unwanted friction, we break down what this life transition can look like and how to prepare for it.
Whether you’re months away from retirement or simply planning ahead, we’re diving headfirst into the upsides and downsides of retiring simultaneously, from built-in companionship and shared adventures to differing routines, expectations, and the dreaded “honey-do” list.
KEY TAKEAWAYS
- Retiring at the Same Time: Dream or Disaster?
- The Advantages of Retiring aTogether
- The Downside of Retiring Together
- Communication is Critical to Finding Balance
- Can Women be Too Good at Keeping Busy?
- Creating Structure and Routines Will Pay Off
SELECTED LINKS FROM THE EPISODE:
INSPIRING QUOTE
- “Being lonely stinks. And so, having a pal to go on adventures, even just to go out, have a meal, have a hike, walk the dog, for a lot of people, that is huge because it’s also a great way to occupy your time.” – Mike Panico
- “ I feel like women are pretty great at keeping themselves busy. And sometimes it’s the men that we say can be a little aimless.” – Jessica Panico
- ”If you don’t get your expectations out in the open, what then tends to happen is people get passive aggressive. They get bitter. They get elusive. They get upset. It’s because you’re going through a new transition. It’s a new routine.” – Mike Panico
DISCLOSURE
Arcadia Wealth Management, LLC (Arcadia) is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). The information presented in this video is for educational and informational purposes only and is intended for a broad, general audience. It is not intended as, and should not be construed as, an offer, solicitation, or recommendation to buy or sell any securities or to adopt any investment strategy. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Any references to investment strategies, philosophies, or client experiences are illustrative and may not be representative of all clients or outcomes.
Arcadia Financial has a reasonable basis to believe that this content does not include any false or materially misleading statements and presents information in a fair and balanced manner. No portion of this communication should be construed as tax, legal, or accounting advice. Please consult your own tax or legal professional for guidance specific to your situation.
Investment advisory services are provided through Arcadia Wealth Management, LLC, an SEC-registered investment adviser. Insurance products and services are offered through Arcadia Financial Group, LLC, by appropriately licensed agents. Bookkeeping and tax preparation services are provided by Arcadia Tax, LLC. These affiliated entities operate independently but are under common ownership.
