1. Review Long Term Goals Together
A common mistake that married couples make before retirement is failing to review their long-term goals together. Whether you have already retired, or do not plan to do so for a number of years, sitting down with one’s spouse as early as possible to discuss family goals is critical to setting up the right financial goals along the way to retirement. Many times, couples will have different visions of what the retirement “end-state” looks like, so it is better to avoid surprise well before this timeframe. If the goals differ significantly, this provides you with the opportunity to work towards a compromise and adjust plans accordingly.