Retiring together poses unique challenges for couples with a significant age gap, such as 12 years. The 55-year-old in this scenario could join the FIRE movement, while the 67-year-old approaches traditional retirement. Effective planning is essential, as insufficient savings can complicate their goals. Strategies include potentially delaying retirement slightly to strengthen their financial situation. The article underscores the importance of having a sufficient nest egg, considering that early retirement means needing funds to last longer than usual before accessing Social Security benefits.
Retiring together is a dream of many, and it's totally worth pursuing, even for couples with age gaps. It's about having enough of a nest egg.
Delaying retirement by a bit could make sense for both folks as they aim to retire together, especially with a combined retirement strategy.
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