joint retirement decision of husbands and wives by Michael D. Hurd

Cover of: joint retirement decision of husbands and wives | Michael D. Hurd

Published by National Bureau of Economic Research in Cambridge, MA .

Written in English

Read online


  • Married people -- United States -- Retirement.,
  • Married people -- United States -- Retirement -- Tables.

Edition Notes

Book details

StatementMichael D. Hurd.
SeriesNBER working paper series -- working paper no. 2803, Working paper series (National Bureau of Economic Research) -- working paper no. 2803.
The Physical Object
Pagination26, [17] p. ;
Number of Pages26
ID Numbers
Open LibraryOL22437907M

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The Joint Retirement Decision of Husbands and Wives Table Distribution of the Difference in Retirement Dates Husband's Retirement Age" Difference in Retirement Dates 62 65 66+ All Same month Cited by: Get this from a library. The joint retirement decision of husbands and wives.

[Michael D Hurd; National Bureau of Economic Research.]. The Joint Retirement Decision of Husbands and Wives Michael D. Hurd. Chapter in NBER book Issues in the Economics of Aging (), David A.

Wise, editor (p. - ) Conference held MayPublished in January by University of Chicago Press, Cited by:   The objective of the paper is to find empirically whether husbands and wives tend to retire at the same time, and to give an explanation of the findings.

Similarity of retirement dates could be caused by similarity of tastes (assortative mating), by economic variables, or by Cited by: Stanford Libraries' official online search tool for books, media, journals, databases, government documents and more.

The joint retirement decision of husbands and wives in SearchWorks catalog Skip to search Skip to main content. Michael D. Hurd, "The Joint Retirement Decision of Husbands and Wives," NBER Chapters, in: Issues in the Economics of Aging, pagesNational Bureau of Economic Research, Inc.

Handle: RePEc:nbr:nberch effects (from the wife to the husband) are substantially smaller than the direct effects of the wife’s own incentive on the wife’s retirement. Keywords Joint retirement Retirement age Occupational pensions JEL Classification H55 J13 J21 1 Introduction Several studies (e.g., Hurd ; An et al.

; Schirle ) document a strong. Divorce after 50 -- also flatteringly known as gray divorce -- is on the rise, and retirement may have something to do with it.

Some couples are not prepared for the realities of being around their spouse more often, according to marriage experts. Rob Pascale, a retired marketing research executive, and Dr. Louis H. Primavera, dean of Touro College School of Health Sciences, are co-authors of.

The issue is that more and more wives are being outright betrayed by their husband’s retirement decisions. In some situations it's the result of blatantly poor planning and applying bad. Wives suffer 'Retired Husband Syndrome' - The Local Share or comment on this article: Retired hubby syndrome: Wives suffer stress and depression when men quit work (and it's.

Joint and survivor pensions -- lower income, but could protect your spouse. Joint and survivor pensions make a single monthly payment, but have two beneficiaries -.

If your spouse is earning low or no annual wages, your spouse may be able to open a spousal IRA to save tax-efficiently for retirement. It's not a joint account, but rather a separate IRA set up in your spouse's name.

You must be married and filing a joint tax return in order to open a spousal IRA. Hispanic white couple in which the wife was 60 and the husband 62 in -- that is, the wife was born in and her husband in We focus on 60 year old wives and their husbands because these are ages at which many couples make crucial retirement-related decisions such as leaving career employment and claiming social security benefits.

A QDRO gives you protection and guarantees that a marital settlement agreement does not by allowing the funds in the retirement plan to be separated and withdrawn without penalty and then deposited into the non-employee spouse’s retirement account (typically an IRA) or otherwise making provisions for payout.

Don't assume your rights to retirement assets are covered just because your. The investment strategy is that of a typical target date retirement fund, assumes a 15 percent savings rate, a percent constant real wage growth, a retirement age of.

Getting used to retirement is a gradual process. And when one spouse retires and the other continues to work every day, it requires a readjustment by both parties.

At times, one or both of you will think you have moved into the 9th Circle of Dante's Hell. Here are some things only a wife with a retired husband. both husband and wife are employed. In the HRS, 70% of married men aged 55 to 64 in and 58% of their wives were working. In the last 10 years we have seen the rst structural models of couples’ retirement decisions.

These models acknowledge the role of both husband and wife as separate decision-making agents within the. Theodore E. Saade, CFP®, AIF®, CMFC Signature Estate & Investment Advisors LLC, Los Angeles, CA.

An IRA cannot be held jointly by spouses. It. Both Husband and Wife has worked with example, Wife is Older. Same situation as above except that Mary is 66 (her full retirement age) and John is Based on her earnings, her benefit at full retirement age is $8, (a hypothetical number for this example).

In this case, if John files for Social Security, he gets $15, annually. Not doubt many wives facilitate outings with friends and family events, but you need to have a role here too. as well as the financial aspects of retirement.

I’ve written a book, The Naked. As 75 million Americans approach retirement over the coming decade, they might be in for a rude awakening. Many long-married couples take. The NewRetirement Retirement Planner helps you assess your Social Security, downsizing, and healthcare decisions, among others.

The Best Retirement Calculators for Couples Here are a few of the best retirement calculators that enable you to input information for your spouse or partner separate from your own information. How can I help my husband. Is your partner finding it difficult to enjoy retirement. Whether it is a case of depression, poor health or just lack of adjustment, try to get him out of the house and involved with new volunteering, a local charity, National Trust or English Heritage memberships, Mens Sheds, U3A - or make a bucket list of places you'd like to visit together.

Husbands and wives often have different priorities for their retirement finances. Less than half of the couples (41 percent) report making investment decisions for retirement jointly.

Joint superannuation accounts could help couples plan for retirement. The arrangements are restricted and require the co-operation of individual super funds to arrange the transfer of funds. Retirement decisions are always complex. But they can be doubly so when a big age gap between spouses means wide variations in retirement dates, life.

Husbands and wives often coordinate retirement decisions, as many married workers withdraw from the labor force at about the same time as their spouses. However, joint retirement behavior may differ for couples in which one spouse retires with health problems.

Kojonen has one client couple in which the husband was already retired and the wife was ready to join him. "I told the spouse that if they retire at 66, they could run out of money in their 80s. retirement decisions. Couples typically focused on the generosity of the husbands’ retirement benefits and the impact of his retirement decision on future benefits.

Today, however, retirement decisions are more difficult to coordinate, because many women have accumulated substantial retirement benefits in their own names. As a. One of the advantages of operating your own business is hiring family members. However, the employment tax requirements for family employees may vary from those that apply to other employees.

Below, we point out some issues to consider when operating a business as a married couple. The tips apply to husbands and wives.

Gather the documents. If your late spouse ran the household finances, it would be great if he left behind an organized filing system as well as all the. A Cornell University study of retirement-aged men and women found that working women whose husbands were retired or disabled were the least happy with their marriages.

Working men whose wives. Younger spouses may also act as caregiver to a sick husband or wife, perhaps reducing the expense of at-home care visits or other health-aide bills, but should they fall ill later in life, it is.

Twenty percent of the husbands and wives of military personnel feel they should be the primary decision makers, and an additional 39 percent of the spouses think they should have a.

A reader wrote to me once that she felt she was being held hostage by her husband’s decision to retire. “My husband is facing a medical issue that will probably mean the loss of his current. Advances in Consumer Research Volume 4, Pages FAMILY DECISION MAKING: HUSBAND, WIFE AND CHILDREN.

George J. Szybillo, New York University. Arlene Sosanie, New York University. ABSTRACT - Family decision making research has frequently examined role relationships between husbands and wives across stages in the buying process end buying subdecisions, In.

Wives are to submit to the authority of their husbands. “Wives, submit to your husbands as to the Lord. For the husband is the head of the wife as Christ is the head of the church, his body, of which he is the Savior. Now as the church submits to Christ, so also wives should submit to their husbands in everything” (Ephesians ).

The Social Security Decision You Might Really Regret if You're Married It has to do with when you claim benefits, and how your actions could hurt your spouse financially. Tips for Surviving Your Husband's Retirement.

Remember, retirement is tough. Retirement offers a whole new way of life, but, it does take planning, courage, and determination to create a fulfilling retirement and marriage.

Dream your wildest dreams and plan in advance. income. The payout decision can have important implications for retirement income security. By protecting women who outlive their husbands from the loss of pension income, joint and survivor annuities can improve economic outcomes for elderly widows.

But joint and survivor. Your retirement isn’t an end, but a new beginning. I love you so much and look forward to this next chapter of our lives.

— While they’ll be losing their best employee, I’ll be getting % of my wife! I can’t wait to see what this next and exciting part of our lives will bring. I love you and am so proud to be celebrating your. Jan. 11, — -- Jo Turner and Molly McCartney have entered the golden years -- their husbands' retirement.

It should be an era of marital bliss. Although my wife fully supports my goals of early retirement completely, she doesn’t have quite the aggressive plan that I do. We have joint accounts which we transfer money in monthly to cover joint expenses and save together, however we each have our own accounts for our disposable income.

She chooses to spend, whereas I choose to invest.

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