3 points on retiring before or after your partner

Would you retire separately from your partner?

09:03 13 June 2013

Some couples may not retire at the same time, with one person continuing to work for a number of years. This may be a good idea, given the current climate of the economy.

Below are the benefits you might experience if you don’t retire with your partner at the same time:

1.    Financial benefits. Most people who are approaching retirement these days may not have enough savings that can afford them with comfortable golden years.

If you or your spouse continues to work for say another 5-7 years, you may be able to secure a solid financial future for the both of you. Aside from increasing your retirement savings, you’ll also get monthly paychecks.

2.    Insurance benefits. Buying health and insurance benefits on your own can be quite expensive. However, you can may be able to get these for free through your employer.

3.    Health benefits. Some people feel weak and get sick after they’ve stopped working. These people are so used to getting up in the morning and reporting to a job every single day, that staying at home bores them a lot. Working past the retirement age could help them stay active and healthy.