Get on the Same Page

Five tips to help you and your partner have a meaningful talk about your plans for retirement.

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You and your partner probably know each other's needs and wants better than anyone else. But does that understanding include your hopes and dreams for retirement? Whether you're young and just starting out, or celebrating decades together, it's important to explore where you both stand when it comes to planning for retirement.

Here are some tips to spark a conversation about what each of you wants for the future – and to keep that discussion going as you journey through life together.

  1. Make it fun and imaginative.
    Plan a date night or carve out some quiet time to talk specifically about retirement – even if retirement is decades in the future. Start by exploring questions such as: When do you plan to retire? Where do you see us living? How will we occupy our days? What will give you a sense of joy and fulfillment? And, if money were no object, what would you do? Sharing and discussing your respective dreams is an important first step in creating a vision for retirement that you can embrace and commit to.

  2. Bring an open mind.
    Sharing your life goals, bucket-list items and deepest wishes for retirement can be affirming; it also helps uncover surprising differences in how each of you views the future. Maybe you'll find that your spouse wants to retire to a cabin in the woods, while you have your heart set on a condo by the beach. Listen carefully to understand what your partner wants and why. Then look for common ground so you can create a plan that works for you both.

  3. Create a baseline plan.
    Once you both have a clear picture of your retirement goals, explore how to get there financially. Create a budget that includes everything from rent/mortgage payments, utilities, insurance and taxes, to groceries, clothing, transportation and entertainment to see how much you may need to afford the lifestyle you want for the future. Next, think about whether you're making the most of your retirement savings potential. Are you participating in your retirement plan at work? Could you save more?

  4. Share the joys – and the worries.
    As you bring your plan for retirement into focus, consider any concerns about retirement you may have – whether they're related to money, health, happiness or anything that could prevent you from achieving your goals. Then talk about the steps you can take to alleviate them so that you both can feel excited about the future you're creating together.

  5. Remember, it's a work in progress.
    Of course, goals can and do change. That's why it's important to revisit your retirement discussion each year (at a minimum) to see if you're on track for reaching the happy and fulfilling retirement you deserve.

To learn more about preparing for a financially secure future, call your local Mutual of America Regional Office representative today.


You should consider the investment objectives, risks, and charges and expenses of the variable annuity contract and the underlying investment funds carefully before investing. This and other information is contained in the contract prospectus or brochure and underlying funds prospectuses and summary prospectuses, which can be obtained by calling 1-800-468-3785 or visiting mutualofamerica.com. Read them carefully before investing.

Mutual of America's group and individual retirement products are variable annuity contracts and are suitable for long-term investing, particularly for retirement savings. The value of a variable annuity contract will fluctuate depending on the performance of the Separate Account investment options you choose. Upon redemption, you could receive more or less than the principal amount invested. A variable annuity contract provides no additional tax-deferred treatment of benefits beyond the treatment provided to any qualified retirement plan or IRA by applicable tax law. You should consider a variable annuity contract's other features before making a decision.

 




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