{"id":95,"date":"2011-09-28T23:23:59","date_gmt":"2011-09-28T23:23:59","guid":{"rendered":"http:\/\/www.estatetrustlawyer.com\/blog\/?p=95"},"modified":"2023-02-01T14:20:30","modified_gmt":"2023-02-01T14:20:30","slug":"is-planning-for-the-future-easier-if-youre-single","status":"publish","type":"post","link":"https:\/\/www.estatetrustlawyer.com\/blog\/is-planning-for-the-future-easier-if-youre-single\/","title":{"rendered":"Is Planning for the Future Easier if You\u2019re Single?"},"content":{"rendered":"

\u201cThe grass is always greener on the other side of the fence.\u201d It seems that this old adage is appropriate for married people planning for retirement, who look over the fence at their single counterparts and imagine how much easier it must be for them. According to a recent article in the New York Times<\/a>, \u201cMore than half of married Americans, and more than two-thirds of singles, say they believe it is easier to make major financial decisions for retirement when there is no spouse in the picture.\u201d<\/span><\/span><\/p>\n

We all know, however, that the wisdom of this adage comes from the fact that things are not always as they appear. The same is true, it seems, when it comes to perceptions about the difficulty of retirement planning for married couples vs. single individuals. The findings of the Charles Schwab & Company survey quoted by the NY Times article reveal that \u201c85 percent of married Americans were saving for retirement, compared with 67 percent of singles, across all age groups. Thirty-eight percent of married Americans expressed confidence in their retirement readiness, compared with 32 percent of those who were single.\u201d<\/span><\/span><\/p>\n

The numbers aren\u2019t all that surprising when you consider that while it may be easier to make decisions about money when you\u2019re on your own, it\u2019s easier to sock money away in a savings or retirement account when you have two incomes to draw from.<\/span><\/span><\/p>\n

Furthermore, having a second person in the picture can actually serve as an incentive to stick to your savings plan. \u201cWhile everyone wishes they didn\u2019t have to compromise, a spouse is also a sort of \u2018buddy system,\u2019 in terms of staying on track for savings… If one person tends to be a spender, a spouse who has the opposite tendency may help the couple stay on track toward savings goals.\u201d<\/span><\/span><\/p>\n

The important thing\u2014whether you\u2019re single or married\u2014is that you\u2019re ready for whatever the future may be.\u00a0 Having a retirement savings plan, and protecting that plan<\/a> for yourself and your family, is of the utmost importance.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe grass is always greener on the other side of the fence.\u201d It seems that this old adage is appropriate for married people planning for retirement, who look over the fence at their single counterparts and imagine how much easier it must be for them. According to a recent article in the New York Times,… Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[19],"tags":[18,92,93],"class_list":["post-95","post","type-post","status-publish","format-standard","hentry","category-estate-planning","tag-california-estate-planning","tag-investment","tag-retirement-planning"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t