One challenge that many boomers may face as they approach retirement age is that a husband and wife might not necessarily agree on how best to approach their golden years.
Recent studies have shown that as much as 62% of all couples disagree over when they each want to retire from the workforce, and this might be for a myriad of reasons. For instance, many married couples are simply not the same age, and if the older spouse wants to retire at the same time as their partner, that might require the younger one to step up their retirement planning by several years.
Research suggests that only half of all couples retire within two years of each other, as men currently tend to be about four years older than their spouses. Obviously, the older one partner is than another, the less likely they are to retire within that two-year window of each other.

Another problem married couples might face is that one spouse might enjoy their career more than the other and simply does not want to retire. In other cases - and this is quite common - partners might disagree on whether they are financially ready to stop working. Slightly less than half of all couples also disagree on whether they will continue to work once they formally retire, and one-third don't agree on the expectations they have for their lifestyle once they stop working.

While you may still disagree on the best ways to approach these concerns, such as proper savings techniques, when to stop working, and so on, you will at least have a clearer understanding of what each wants. It might also help you to forge an understanding and work toward a middle ground that both are happy with.


Experts say that you should have about 75% or 80% of your final salary coming to you annually in retirement, so it's important that both partners in a marriage know to work toward that goal together, so that there are no surprise shortfalls noticed in the final years before you both intend to stop working.