When Lydia Sheckels’ husband lost his civil-service job at age 57 in 2006, he opted to retire rather than look for another job in his environmental-engineering field.
She urged him to reconsider retirement because the couple had taken out loans to finance home maintenance projects and to pay for their daughter’s college costs. He had no interest in working. Sheckels, then 53, became the sole earner and had to finish building their retirement savings on her own.
Jen Staben, a financial advisor at Prime Capital Financial, says the first year when someone
retires can be a struggle as he or she establishes a new routine and a new identity outside of
work. She recommends retirees take at least six months to adjust.
Want to read the full article? Check it out here. Please note, a subscription may be needed to read the entire article.
The post When Spouses Retire at Different Times, Tensions Break appeared first on Prime Capital Financial.
