When partners share a significant age difference—specifically more than ten years—they encounter distinct financial challenges that require tailored retirement planning. The primary issue is the necessity of preparing for two separate retirement phases, as the older partner will likely exit the workforce well before the younger one.
Large Age Gap in Couples Demands Dual Retirement Planning Strategies
Does anyone know if Social Security strategies change significantly based on that ten-year gap threshold?
Is ten years really considered large anymore? Seems like quite a few of our friends fall into this category.
We’ve been planning this for years. It’s stressful but staying organized makes all the difference.