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Virginia Beach Estate Planning Lawyer / Blog / Retirement Planning / Be Prepared for Changes in Retirement

Be Prepared for Changes in Retirement

Retirement brings about many different questions, particularly what you are going to do with your time. It’s also still a good idea to think about what will happen going forward as you approach your individual relationship with your spouse and your family members.

Having conversations about financial matters or how you will divide up your time may initially seem difficult but it can also be a great way to broach these issues well in advance. This is especially important because a recent retirement study conducted by Fidelity Investments identified that one out of every three couples were not on the same page when each person was asked to describe their anticipated lifestyle in retirement.

Shared visions of retirement as well as what you hope to accomplish with your estate planning goals can ensure that everyone is on the same page and minimize the challenges typically linked to the transition into retirement.

Far too many conflicts and problems with family members emerge after a loved one has passed away or gone through a difficult change in their life, such as incapacity, because of lack of communication. Including the communication process now greatly reduces the challenges linked to deciding how to move forward and ensures that both you and your spouse have a well thought out plan for what will happen when you do reach retirement age.

Your estate planning lawyer can be an excellent resource.

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