Each week on my show The Income Generation, we cover topics that are important to those who are retired or nearing retirement. Since every person’s situation is different, viewers often have questions. That’s why The Retirement Income Store’s social media page includes an Ask Dave forum – which I’m glad to be able to share with you.
Cynthia from New Mexico asks:
“My husband is much more of a risk-taker than I am, and we argue about that sometimes. What’s the best way to make financial decisions that we’re both comfortable with?”
That’s a great question that I get asked a lot. Frankly, everyone who has been married for a while knows that marriage, and all relationships, are about compromise. It’s about making sure you are able to meet in the middle. The same is true here. It is very important for you and your husband to have those conversations about risk tolerance.
That person who is more aggressive in their approach to investing may have to pull it back and be a little more conservative, and that person who is more conservative might have to find ways to get comfortable being a little bit more aggressive.
Sometimes, meeting in the middle can be hard to do, especially when money is involved. That’s why couples will often go to marriage counselors. In this case, a good Income Specialist can serve the role of a retirement planning counselor, to help you come up with a plan that both of you are comfortable with.
Investment Advisory Services offered through Sound Income Strategies, LLC, an SEC Registered Investment Advisory Firm. The Retirement Income Store® , LLC and Sound Income Strategies, LLC are associated entities.