Here’s one for Bob Eubanks fans: How much money does your spouse earn?
Before you roll your eyes or pronounce it a “no-brainer,” you should know that 4 in 10 couples got it wrong – and 1 in 10 were off by $25,000 or more, according to the 2015 Fidelity Investments Couples Retirement Study. The study, which took a look at 1,051 couples in which partners were at least 25 years old and either married or living together long-term, also revealed that more than one-third of couples disagreed on how much they have in investable assets and nearly half disagree on how much they need to save to maintain their lifestyle in retirement. (To be fair, on the last point, a similar number of couples said they had “absolutely no idea.”)
Interestingly, there were no big discrepancies between men and women – the sexes each scored similarly poorly. But there…
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