One in five married adults believe their partner may be hiding savings for retirement — and one in ten admit to having secret savings themselves, a study shows. But to avoid unnecessary strain on relationships, secretive couples need to communicate their retirement plans, research from financial mutual Wesleyan Financial Services finds. One in five married adults say they may divorce their partner if they have different retirement goals. Linda Wallace, of Wesleyan Financial Services, says: ‘Thorough planning is essential and it’s never too soon to begin. Remember, plans don’t have to be static — they can change as your life does.’ And married couples should make use of tax advantages available to them, adds Ms Wallace.

Source: Daily Mail November 07, 2023 23:46 UTC