Plan With Your Spouse
If you’re married or living with a longtime companion, retirement planning should be a team effort. Gilbert notes that one of the most important discussion topics should focus on time. Whether both spouses work together, work separately, or one works and one stays home, they likely don’t spend as much time together as they will in retirement. This, he says, may take some getting used to.
It’s equally important to discuss how much time each spouse will dedicate to their own activities. In his case, Gilbert describes this as dividing up “we time,” “he time,” and “she time.” Having this conversation in advance sets expectations, and helps to prevent friction when both spouses are actually retired.
For Gilbert, retirement is a starting line––not a finish line. The same can be said for starting a new business or venture after selling your company. “It’s a brand-new beginning––you can do anything you want to do,” he says. “What an incredible opportunity in life.”
Image: iStock Photo