couples donít talk enough about financial
fundamentals, such as how much they earn or their plans
for retirement, a new study found.
of the couples in the study that was released Wednesday
by Fidelity Investments said they believed that they
communicate well. But 43 percent failed to correctly
identify how much their significant other earns. Some
couples were off by $25,000 or more.
half of the couples said they had "no idea" or
were in disagreement about how much they would need to
save to maintain their current lifestyle in retirement.
regard to Social Security benefits, 60 percent were
either unsure or didnít know what amount they would
receive. Half of the couples surveyed had disagreements
on what age to retire, up from 43 percent in previous
are taught as people to not bring up financial issues,
so itís certainly understandable that people donít
have as much comfort talking about it," said John
Sweeney, executive vice president of retirement and
investing strategies at Fidelity.
just like couples talk about other intimate details
about a relationship, this is one of those intimate
details couples should feel confident discussing with
top pieces of advice that couples who participated in
the survey suggested for others were to save as early as
possible for retirement and to make all financial
survey was conducted in April by research firm GfK. The
1,051 heterosexual and same-sex couples who participated
in the survey each had household incomes of at least
$75,000 or total assets of at least $100,000.