Skip to main content

The working lives of most couples are based on a schedule where they spend more non-sleeping hours of the day apart than together. And then comes retirement.

“I’m looking forward to retiring with my husband,” personal finance writer Michelle Singletary says in an article about whether retirement can ruin your marriage. “Still, right now, most of our time is spent apart. So I wonder what will it be like when it’s just us 24/7?”

Don’t wait to find out. The experts say couples should talk about their vision of retirement well before they stop working. Talk about the things you want to do – from the exotic, like travel, to the everyday, like golf or babysitting the grandkids. Another issue is how much togetherness you want. An expert quoted by Ms. Singletary tosses out the idea of staggered retirement dates. That way, both spouses can adjust to retirement in their own way.

Story continues below advertisement

The experts seem to agree that men may have particular trouble adjusting to retirement. Here’s an article headlined Why Married Men Are So Terrible At Retirement. “Truth be told,” it reads, “many married men enter retirement with very vague ideas and assumptions about it, which often come crashing down after just a few months.”

A solution may be to build a retirement “to-do list.” Here are 25 things to put on it.

Subscribe to Carrick on Money

Are you reading this newsletter on the web or did someone forward the e-mail version to you? If so, you can sign up for Carrick on Money here.

Rob’s personal finance reading list ...

Snowball vs. avalanche

A credit-counselling agency’s blog looks at two methods for paying off debt – the snowball (start with your smallest debt) and the avalanche (paying the debt with the higher interest rate first). The avalanche makes the most sense to me, but a study says the snowball wins because it offers a quicker reward and is thus more motivating.

The zero-waste kitchen

Tips from famous chefs about how to use food you’d otherwise toss in the garbage. Find uses for stale bread, leftover rice, vegetable peelings and more.

A personal-finance blogger ponders his mortgage renewal

Robb Engen of Boomer & Echo blogs his thoughts on renewing his mortgage later this summer. Find out which way he’s leaning.

A new pension plan for the non-profit sector

People who work for charities and other non-profits often work part-time or contract jobs at modest pay. A new pension plan designed especially for them will help them save for retirement.

Story continues below advertisement

Today’s featured financial tool

The monthly statistics package from the Canadian ETF Association offers lots of intel on what investors are buying and selling.

Ask Rob

Q: “I recently inherited a sum of money in U.S. dollars. How should I invest it? I would like to get more than the interest rate on a U.S.-dollar savings account but I don’t want to invest in anything risky. What do you suggest?”

A: “How about a U.S.-dollar guaranteed investment certificate? Returns are lower than they are for regular GICs, but they should beat a U.S.-dollar savings account.”

Do you have a question for me? Send it my way. Sorry I can’t answer every one personally. Questions and answers are edited for length.

Featured video

Statistics Canada has created a video series to highlight the data it produces. Here’s one on the latest trends in the economy.

In case you missed these Globe and Mail personal-finance stories

More Carrick and money coverage

For more money stories, follow me on Instagram and Twitter, and join the discussion on my Facebook page. Millennial readers, join our Gen Y Money Facebook group. Send us an e-mail to let us know what you think of my newsletter. Want to subscribe? Click here to sign up.

Story continues below advertisement

Report an error Editorial code of conduct
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

If your comment doesn't appear immediately it has been sent to a member of our moderation team for review

Read our community guidelines here

Discussion loading…

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.