Singles, couples need different retirement planning
While the same principles apply in planning for retirement for singles or for couples, the way plans are implemented is different.
So says a report on Marketwatch, which points out that singles will “likely” have a shorter retirement and that there are fewer specific stages of retirement to plan for.
The common factors to planning for couples and singles include the need to balance spending on one’s standard of living with making sure the money doesn’t run out prematurely.
In addition, the way portfolios are constructed is pretty much the same, with the need to diversify, minimize costs and heed your risk tolerance comfort level.
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