Couples fail to discuss retirement funding

A report by Prudential claims that the vast majority of UK couples fail to discuss their retirement options before it is too late. Many over 55's are currently sitting on significant equity in their properties although equity release options are very rarely discussed in detail. Indeed the report suggests that over 30% of couples aged 40 have no idea about the financial strength or the financial weakness of their partner and can therefore not plan ahead with any great confidence.

However, alarmingly, over 20% of those questioned have never ever discussed financial planning for their retirement with their partners. This is a situation which should be addressed sooner rather than later because ultimately the sooner you start funding your retirement options the more likely you will be able to plan ahead for a "more comfortable" old-age. It is never too soon to discuss your retirement options, whether this be pensions, investments or other financial tools available because ultimately the sooner you start saving, the more money you should have available upon your retirement.

Retirement planning should be one of the major issues which you discuss with your financial advisor on a regular basis to ensure you are doing as much as you can within your own financial remit.