This story originally appeared on NewRetirement.
Before you got married, you probably discussed where you wanted to live, whether or not you would have kids and your general hopes for the future.
Before you bought a house, you and your spouse talked about where would be best, what size home you hoped to acquire and more.
Before you had kids, you hopefully discussed discipline philosophies, educational goals and your roles and responsibilities in raising them.
As you approach and enter retirement, the big conversations are not over. And, while there is an awful lot to discuss with your spouse, research suggests that couples aren’t talking.
A survey by Fidelity Investments found that finances and retirement planning are extremely difficult subjects for married couples. In fact, the survey found that:
- Only a small percentage of respondents expressed confidence in their partner’s abilities to manage their finances.
- Less than half of couples make routine financial decisions, such as budgeting and paying bills, together.
- Only 38% jointly discuss their investment and savings strategies for retirement.
Following are several discussions you should have with your spouse before you retire. Let’s start with what should be an easy one.