Colleen Goldhammer, senior vice president at Genworth Financial says couples are often surprised to learn that their spouses have vastly different views on what their retirement should involve.
A Genworth survey indicates 6 percent of Americans believe retirement will be a period of winding down, while 57 percent view it as an opportunity for a new exciting chapter in life.
This disparity can present challenges when planning how much can be withdrawn from retirement savings. For example, Goldhammer asks: Should the couple be world travelers or backyard gardeners, part-time workers or new business owners or volunteers, or second home buyers or condo downsizers?
"'Let's Talk Retirement Income' encourages families to agree upon a shared vision for what life will be like after they stop working," Goldhammer says in a statement. "Retirement planning shouldn't solely focus on hitting a number for accumulated wealth. It should also be a result of thoughtful conversations about the day-to-day life we want to live when work is no longer the primary focus."
The survey of 2,939 U.S. consumers was conducted from Jan. 12-15 by Age Wave/Harris Interactive and sponsored by the Genworth Financial companies. No further survey details were provided.