Thursday Oct 07, 2021

Ep 51: Financial Mistakes Couples Should Avoid

We want couples to be on the same page when it comes to financial planning and retirement. Despite any individual differences it’s important to plan together for the success and growth of your retirement plan.

You and your spouse should be on the same page when it comes to risk management and how you will spend your investment money once in retirement. Planning out your Pension and Social Security decisions will be essential to your plan. So, today we are going to be talking about some financial mistakes that couples should be aware of and how to avoid them.

What we discuss on this episode:

0:27 – Catching up with Wade

3:00 – Pension spousal benefit

4:34 – Social Security claims

6:05 – How you want to spend your retirement

8:17 – Coordinating accounts

9:47 – Risk profile

11:19 – Being on the same page

12:38 – Mailbag: Do I have to take RMDs?

13:59 – Mailbag: Will I run out of money?

More Resources:

Risk Survey: https://www.chessmanwealth.com/#survey-section