LAS VEGAS (KLAS) – Almost one in five couples say money is the biggest challenge in their relationship, and more than half disagree on how much savings they need to meet their retirement goals.
With so many couples getting married this year after a long year of pandemic proposals and postponed weddings, Fidelity Investments is reminding couples to start “forever” on the right financial footing.
According to the Fidelitys Couples and Money Study 2021, 57% of couples say they are joint decision makers for retirement, but more than half of all couples disagree on how much it takes to meet retirement goals.
The study also shows that women need to be more involved in financial matters.
Stacey Watson, Senior Vice President of Life Events at Fidelity Investments, said, “One in five women says they have little to no retirement benefit, so our message is: Delegating is fine, but don’t be without it.”
Watson adds, “Staying involved in financial decisions … really helps both partners look to the future with confidence.”
The bottom line, she says, is making money a team sport in your relationship by picking a weekly financial appointment to discuss finances.
Watson also reminds couples to save their money as early as possible in the relationship.
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