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Ready For Retirement

Investing for Longevity When There's a Spousal Age Gap

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 12 April 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

In this episode of Ready for Retirement, James discusses how to invest for longevity when there's a spousal age gap. Questions Answered: What would change if one spouse predeceased the other? How would your income and portfolio be impacted? What are the considerations when planning around one spouse predeceasing the other? We’re on YouTube! Check us out here for more content to help you create a secure retirement: YouTube - Root Financial Partners LET'S CONNECT! Facebo...

Transcript

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0:00.0

Discover the tips and strategies that will help you achieve your retirement goals.

0:09.3

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

0:14.4

It all starts right here on Ready for Retirement. for retirement.

0:27.4

Hi, everyone.

0:29.4

Welcome back to another episode of Ready for Retirement.

0:30.5

I'm your host, James Cannell.

0:35.9

One of the biggest challenges that people, when they retire, face, is am I going to outlive my money?

0:36.9

I think it's probably concern number

0:38.3

one that most people have. Now, combine that with a potential age gap between spouses, and there's a

0:45.6

double concern here, or there's a multifaceted concern of how do we make sure that we don't outlive our money

0:50.8

for the both of us, but especially for the surviving spouse.

0:54.5

So what happens if the both of us spend all of our money on travel or things that we want

0:58.4

to do or just basic living, what happens to the surviving spouse if there's a significant

1:03.7

age gap or if one spouse just predeceases the other? So that's going to be the topic of today's

1:09.5

episode of how do we invest for

1:10.9

longevity, but in the light of a one spouse potentially pre-deceasing the other by some number

1:17.6

of years. Now this question was, or it's coming from a listener question, and I'm going to call

1:22.7

the listener Sarah. And Sarah writes and then she says this. She says, hello, I've been listening to your

1:28.0

podcast for months now and have to say they're the best thing for someone like me to start

1:31.5

understanding this crazy financial world. Thanks, Sarah. I'm a professional in a non-financial

1:36.1

field and my husband is a CPA. After listening, I'm able to have better conversations with him

1:41.6

and look at what he is saying without utter confusion.

...

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