January 3, 2019

Here’s What Our Readers Liked in 2018

We’re kicking off 2019 with our periodic review of the most-read articles over the past year, based on the blog traffic tracked by Google Analytics.

Judging by the comments readers leave at the end of the blog posts, baby boomers are really diving into the nitty-gritty of preparing themselves mentally and financially for retirement. Financial advisers also frequently comment on Squared Away, and we hope some of our web traffic is because they’re sharing our blog with their clients.

Last year, Squared Away received recognition from other media. The Wall Street Journal recommended us to its readers for the blog’s “wonderful mix of topics.” The Los Angeles Times picked up our article, “Why Retirement Inequality is Rising.” MarketWatch published our posts about how pharmacists can help seniors reduce their prescription drug prices and about a Social Security reform to reduce elderly poverty.

The most popular blogs in 2018 fall into five categories:

The Big Picture

How Social Security Gets Fixed Matters

Future ‘Retirees’ Plan to Work

Just Half of Americans Enjoy Bull Market

Personality Influences Path to Retirement

How and When to Retire

Know About the 401(k) Surprise

How Retirees Can Negotiate Drug Prices

Work vs Save Options Quantified

What’s a Geriatric Care Manager Anyway?

Geriatric Help Eases Family Discord

Retirement Pitfalls

Retirees Get a 401(k) Withdrawal Headache

Social Security Mistakes Can Be Costly …Learn More

November 15, 2018

Why Couples Retire Together – or Don’t

Married couples don’t necessarily know what the other spouse is thinking about retirement.

This insight came out of a new Fidelity Investments survey that asked some 1,600 people if they knew when their significant other planned to retire. Only 43 percent answered the question correctly. This disconnect reveals just how few couples are talking about retirement, said Fidelity spokesman Ted Mitchell, who worked on the survey.

Fidelity’s survey went out to adults of all ages, so the younger ones no doubt felt they’re too young to be thinking – much less talking – about what their lives will be like decades from now.

But things change as couples age. When retirement comes into sharper focus, it’s natural to start talking through the options – mine, yours, and ours.

One option is to retire around the same time, and prior research has shown that roughly half of older couples do so.

New research takes a more nuanced look at how couples retire and finds a more complicated picture.  Mixed arrangements are common in the pre-retirement years. Perhaps one spouse continues working full-time, even though their partner has retired, or one spouse might shift down to part-time work while the other is either still in a full-time job or has already retired.

Two sentiments are usually in conflict when older workers are trying to decide whether to retire: a longing for more leisure time and a need to bank more in savings, Social Security, and pensions.

Spouses often influence one another’s retirements for a variety of reasons, including their health, their relative ages, and how much each one likes their job. But financial security is usually a major consideration. …Learn More