Disagreeing on when to retire with spouse

[Anonymous]

Does anyone else here disagree with their spouse on when they should retire? I want to retire very early, but my spouse wants us to both work for as long as possible, at least until the traditional retirement age. How do you reconcile the two? Yes, we discussed this during dating, when my spouse voiced support for my retirement goals. But that was before kids, childcare expenses, and buying a house.

[Anonymous]

Likely, you two have nothing to decide. Not now. But just incase you actually are privileged to have these real, immediate choices, hire a financial professional. The can be a third person. They can lay-out the different paths, choices, what each decision would look like. It's very helpful to have someone else deliver the news.

It doesn't mean you have to invest with them.

[Anonymous]

You retire when you want to. They retire when they want to.

[Anonymous]

Why isn't there a compromise where you retire at different times? My spouse wants to retire early and I want to work until our kids are out of college. So that's what we are going to do. It doesn't have to be all or nothing.

[Anonymous]

How old are you and your spouse?

[Anonymous]

Anonymous wrote:Likely, you two have nothing to decide. Not now. But just incase you actually are privileged to have these real, immediate choices, hire a financial professional. The can be a third person. They can lay-out the different paths, choices, what each decision would look like. It's very helpful to have someone else deliver the news.

It doesn't mean you have to invest with them.

OP here. I want to retire soon, before I'm 40. I don't think a financial professional will be helpful to us, since my spouse's financial goals involve building as large of a nest egg as possible. And that requires 2 incomes.

[Anonymous]

Anonymous wrote:How old are you and your spouse?

We are in our mid-late 30s. This is when I had planned on retiring.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How old are you and your spouse?

We are in our mid-late 30s. This is when I had planned on retiring.

That’s not retiring. That’s quitting (which is fine, but call it what it is).

[Anonymous]

Anonymous wrote:

Anonymous wrote:How old are you and your spouse?

We are in our mid-late 30s. This is when I had planned on retiring.

dp..

Do you yourself have the funds to retire early?

DH and I have always wanted to retire early. So, I made sure to save extra to do this. DH didn't. He basically wanted his cake and eat it, too.

He is now retired at 60. Later than he wanted, but still before 67.

I will be able to retire at 56.

[Anonymous]

I am half wondering if you're a troll. Can you afford to retire? Have you run financial models? Do you not care about having enough money for college for you kids and retirement for yourselves?

It sounds like you want to be a stay at home mom and let DH shoulder the financial responsibility. Sure, it can sound great before the reality of life hits, but now you both need to understand what it takes.

How much to you have in retirement? 529s? How much in savings, investments?

If you have 5MM and you're saying it will never be enough for your DH, that is very different than having 1MM and DH saying it isn't enough. Because it isn't.

[Anonymous]

How much have you saved? Can you afford to retire at 40 and cover your health care and living expenses (and college tuitions, etc) for 50 years? If so more power to you - you must have done very well.

I want to retire a little earlier than my spouse, even though my income is 4x his (of course that's one of the reasons I want to retire - my job is pretty intense). I've saved more than $12m and can afford to retire and still live well. You need to do your own projections to see if you can sustain the life you want on your current savings and potential income streams.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Likely, you two have nothing to decide. Not now. But just incase you actually are privileged to have these real, immediate choices, hire a financial professional. The can be a third person. They can lay-out the different paths, choices, what each decision would look like. It's very helpful to have someone else deliver the news.

It doesn't mean you have to invest with them.

OP here. I want to retire soon, before I'm 40. I don't think a financial professional will be helpful to us, since my spouse's financial goals involve building as large of a nest egg as possible. And that requires 2 incomes.

Your OP seems to contemplate that your spouse continue to work while you are retired. Is that right? Or do you want both of you to retire?

[Anonymous]

Working for 15 year or less is not retiring. Its just stopping working.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Likely, you two have nothing to decide. Not now. But just incase you actually are privileged to have these real, immediate choices, hire a financial professional. The can be a third person. They can lay-out the different paths, choices, what each decision would look like. It's very helpful to have someone else deliver the news.

It doesn't mean you have to invest with them.

OP here. I want to retire soon, before I'm 40. I don't think a financial professional will be helpful to us, since my spouse's financial goals involve building as large of a nest egg as possible. And that requires 2 incomes.

I wish I had the luxury to be a SAHM, too.

[Anonymous]

OP - are you hoping to retire or take a few years to be a SAHP? Two different sceneries two these goals.