Reply to Retirement finances in an age-gap relationship or marriage

Forum Index » Money and Finances

Reply to "Retirement finances in an age-gap relationship or marriage"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]If he still is in debt and is Gen X, he can't afford to retire. Basically you're looking at having a SAH spouse, can you afford that?

Given the differences in your ages, you aren't really making the same amount of money because he is at the pinnacle of his career/earnings, while you still have career and income growth. Plus he's not saving much. So again basically he doesn't earn enough to retire.

I am all for combining finances in a marriage but in your case I don't think that's a great idea. It sounds like he's got no retirement but wants to retire anyway.  [/quote]

He knows he can't retire soon, and is pretty indispensable at his work, so he'll likely work until 70. Whereas I - unless something really bad happens - am on pace to retire at 67 and while not GREAT, am catching up pretty decently so that I should have a healthy enough retirement fund for myself in 30 years. Our financial strategy is stick to the budget and don't get laid off. [/quote]

I was indispensable and got let go at 59. Unless you own your company and even then some of your kids can stage a coup against you, you are not indispensable. You are making way too many optimistic assumptions in an uncertain and extremely competitive world. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics