Golden Years Losing its Luster?

Golden Years Losing its Luster?
03 Oct 2014

golden-yearsYou and your spouse have weathered a lot; raising children, sickness & health issues, saving for retirement and caring for aging parents. Yet an unfortunate trend seems to be occurring. Fidelity Investments came out with a new study “2013 Couples Retirement Study”. The executive summary has some interesting statistics:

– Less than one half (45%) or couples agree that day-to-day financial decisions are made jointly.

– Only 28% of couples are completely confident that either partner is prepared to assume responsibility of their joint finances, if necessary (wow!).

– 4 in 10 couples (38%) who aren’t yet retired, disagree as to the lifestyle they expect to live in retirement.

The bottom line is that we often see a simple lack of communication being the biggest issue with people and their finances. People problems can often morph into financial issues as well. I have often said, “We don’t have people with investment problems, we have investments with people problems.” You’ve probably heard that money is one of the biggest causes of divorce; this is true even as we grow older. It’s often not the lack of money for retirees it is how the money is spent and distributed that becomes the issue. Take the time now to talk with your spouse and family about what your wishes are now and when you are gone. It should be time well spent.

Good Luck!

Jeffrey A. Johnston, ChFC

President of Premier Investments of Iowa, Inc.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Premier Investments of Iowa, Inc. are not affiliated .


Jeffrey Johnston

Jeff has over 30 years of experience in the investment industry. He currently holds his FINRA Serices 6, 63, 66, 7, 24 & 51 licenses with LPL Financial as well as his health and life insurance licenses.