Couples should make sure they are planning for their
financial future and communication is crucial when they do so, it has been claimed.
Mike Kalen, president and chief executive officer of the Hartford Life, explained that couples should have a full and frank conversation about all aspects of their
finances including
savings accounts,
pensions and investments .
However, he added that once the initial discussion had taken place couples should then divide and conquer the responsibilities for carrying out or executing the plan.
Mr Kalen said research by his firm had found that couples who divvied up financial tasks relating to
savings accounts, pensions, investments and such like, are more likely to have at least £50,000 to fund their
retirement .
Last week Des Hamilton of the Pensions Advisory Service said that people were put off saving for a pension as doing so can involve making financial sacrifices some feel that cannot afford.
