Couples aren't discussing retirement finances - WMC Action News 5 - Memphis, Tennessee

Couples aren't discussing retirement finances

DALLAS (NBC) - According to research from Fidelity Management & Research company, couples are rarely discuss their finances adequately.

"The survey results actually surprised us. We had found that less than half of the couples surveyed, these are people at or near retirement, less than half of those couples had actually planned jointly for retirement," said Fidelity's Kathleen Murphy.

Murphy said silence on the subject of finances can really hurt at the most inopportune time.

"It's sad when people work for 20, 30, 40 years and they can't have the retirement they want to because they weren't planning enough," Murphy said.

Murphy said more times than not, it's the wife who's less engaged than the husband, rather than the other way around.

"It's really sad frankly to see so many women not involved in the financial and investment decision-making process, because on average women will live longer than men," Murphy said.

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