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Money and Finances
Reply to "Retirement finances in an age-gap relationship or marriage"
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[quote=Anonymous]This doesn't seem that different to me than most other marriages where some people have better earning capacity and some people generate more costs and some people are predicted to live longer due to gender or medical issues or whatever. I think you just keep doing what you're doing. If you'd rather he put more into the 401k rather than going out to dinner or upgrading your kitchen or whatever, then you should tell him that. The money for his kids is just a fixed cost, so that's not wiggle room. Once you get to the retirement, you should plan on your own longevity and try to make the money last to account for that. You never know -- you could get cancer and be dead at 60 and he could live to 105. But it's smart to figure you will live to 95 and budget accordingly. If he wants to spend it all in retirement cruising the world when he's 80 and you are 65 or whatever, that's not going to be a smart decision. Definitely keep maxing out your 401k. [/quote]
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