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Settling Into Marriage….Financially

by Nicole on February 18, 2013

Many of you know that I got married almost a year ago and we have settled into married life pretty well! I love being married, I love that I have someone to lean on, share with, and most importantly plan with! My aunt just retired in October and bought a house very close to mine and will be moving from Boston to south Florida in the next couple weeks. My aunt was never married and didn’t have kids so my brother and I are it for her.  Since she is moving from out of state and very close to me I have been handling a lot of the preliminary matters to make it easier for her.

I have helped her with a budget after retirement and it’s not easy! Check out this easy budget for retirement calculator that I used with her and Jamie and I have looked at as we start to plan for the future and our retirement.

Needless to say between helping her plan her retirement and reading this article on about tips for planning for your retirement, it got Jamie and I talking about retirement.  I think as a married couple it’s important we plan for our future retirement!

That retirement calculator sparked a definite conversation between Jamie and I as we generally have different financial outlooks and strategies.  He handed the finances over to me when we got married and I think he’d rather just let me make the financial decisions.  But I want it to be team effort and we both have tendencies to not save.  we aren’t crazy spenders per se, we just don’t think of saving like we should.  I decided to look at the Genworth website since they make the retirement calculator and read about their suggestion to have an annuity in your retirement.

I hadn’t considered annuity as a good form of planning for retirement but once I understood that the longer you live the more money you make with an annuity the stronger it sounds a solid foundation for retirement planning.  There are various types of annuities and you should definitely investigate them as a retirement planning tool when you start to plan.

Information for this post is sourced from Genworth Financial in partnership with the SheHeard Influencer Network.  All opinions are my own.

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{ 2 comments… read them below or add one }

1 bonnie walker February 19, 2013 at 11:08 am

I highly recommend Dave Ramsey’s Financial Peace University class for married couples (and singles). My husband and I just completed the 9 week class at a local church. We learned about saving, investing, mortgages, retirement planning, college funds…it has improved our communication so much. I learned I am the Nerd and will complete our budget sheet but once a week we both sit down for 10 mins and go over it and make decisions together. We are working on being debt-free except the house in two years.
Check out Dave’s website to find a class near you.
His book The Total Money Makeover is excellent too…I often give copies to family and friends.

2 Debbie Welchert February 19, 2013 at 12:04 pm

It’s so wonderful for you to do this for your Aunt. She’s one lucky lady to have you. I will be passing this info onto my daughter and her husband. I think they would benefit from this greatly.

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