20 Financial Tips for Retired Married Couples

16. Decide if You Want to Work Part-Time

Not every married couple’s financial plan for retirement withstands the transition from one’s working life. In some cases, the market conditions change to the point that the investment vehicles used just have not grown to the point originally forecasted. In others, unplanned life circumstances have occurred creating the need to earn additional income. In others, there is absolutely nothing wrong with the financial plans, but one or both members of the marriage just find themselves missing the workplace. In these cases, the need to reenter the workplace arises. Depending on when one takes Social Security payouts, the total amount earned in the part-time job will need to be measured against the potential loss of benefits based on the total amount of money made in the part-time job before making the jump back into the work force. If waiting to receive Social Security until one’s full retirement age, the impact to benefits reduces to nothing.