20 Financial Tips for Retired Married Couples
9. Take a Hard Look at Workplace Retirement Benefits
Prior to getting to the point of retiring, each working spouse in a marriage should take a hard look at their respective retirement benefits via their job. In many cases, one may qualify for retiree health insurance after leaving the job. Another important factor is to fully understand when employer matching contributions to a 410(K) plan become fully vested as well as the rules for the vestment. The last thing that anyone wants to do is think they are retiring only to find out they owe another good year or more to the company to get all of their hard-earned retirement benefits. If things do not seem right after speaking to the human resources department of one’s company, seeking a second opinion is never a bad idea.
