Couples do a lot of things together — including making mistakes when it comes to retirement and money, according to NerdWallet — which surveyed 1,800 Americans in a relationship (married or living with a partner) to see how they handled financial decisions.
And what they found was that couples were making a number of substantial mistakes when approaching saving for retirement. Among those errors:
- |
- Failing to take action.
- Not talking to one another about what they were (or weren’t) doing.
- Making basic mistakes on how to take advantage of various retirement savings strategies.
- Having no idea of what their savings targets should be.
Some of these are simple communication issues, since it’s not easy for people to talk about money — sometimes especially with those closest to them.
But other mistakes go deeper — and sometimes both partners know about it, but just don’t take steps to change behaviors that can endanger a couple’s retirement. Other times, one partner’s ignorance of what the other is doing — or not doing — can be the problem.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
