Renegotiating Financial Arrangements

For partners in the process of retirement there are potentially very tricky financial issues to manage. Money can be a very large issue between partners, representing as it does the power over key decisions and lifestyle choices.

One of the partners may retire before the other. Optimistically, both suddenly and gleefully we can enjoy what used to be the norm for our parents’ generation: where one partner shoulders the work and major income role, while the other takes on the job of organising household, family and holiday arrangements. A real benefit of one retired partner can be the relief of not having to spend all your spare time catching up on the chores!

It…