Retirement planning looks different for couples with one income. Follow these expert tips

For couples retiring on a single income, a tailored retirement plan is essential, as a generic approach often doesn’t suit their unique circumstances. Christine Benz and Valentina Djeljosevic highlight the importance of considering future financial needs, such as retirement funding and Social Security decisions. Couples should evaluate their ability to save for retirement on one income and consider the potential challenges if the non-working spouse wishes to re-enter the workforce later. Maintaining part-time or contract work can help keep skills current. This personalized planning ensures financial stability and adaptability for single-income households. QUESTION: How might the decision to retire on a single income impact a couple’s long-term financial security and lifestyle choices?