Retirement Planning Strategies for Couples With Unequal Incomes

Retirement Planning Strategies for Couples With Unequal Incomes
Shutterstock
Due
By Due
Updated:
0:00

I don’t usually talk about my parents in my writing, but in this case, it helps to bring up their story as a couple. Both my mom and dad were hardworking, but my mother had the job that paid more in our family. She worked at Pacific Bell for 30 years, while my dad worked as a security guard and a mailman in the blue-collar Mission District of the ’70s and ’80s San Francisco (yes, that once existed, you techies).

Retirement planning was sometimes challenging due to their disparity in income. Couples who deal with this dynamic face unique challenges in trying to meet both partners’ needs while managing expenses and investing strategically. Ultimately, my parents wanted to make the most of their possible retirement funds, which wasn’t always as easy as you might think. Eventually, they found ways to make it work and enjoyed their golden years.