You may find it a lot easier to choose between synchronized and staggered retirements when you understand the financial side of the decision. Let’s say you and your partner have planned all along to retire together at a certain date. But now you’re concerned you might not have the funds you need to support the lifestyle you want. You’re wondering whether the higher-income earner should work five years longer. Or maybe you still retire together, but three years beyond the original date.
It all seems somewhat vague and cloudy, and the decision feels difficult. That is, until you can apply numbers to each scenario.
Ask for our help. We’ll perform calculations factoring in salary, savings and growth, retirement expenses, government benefits and many more inputs. The result? For each scenario, we’ll show you a financial projection of your nest egg amount and estimated retirement income. Now you have clarity and can evaluate the financial side along with the personal and psychological factors to make a decision you’re both comfortable with.
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