Blog for John Sweeney - Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Lawyer in CT and NY

Reasons not to Retire at the Same Time

Posted by John Sweeney | Apr 03, 2017 | 0 Comments

There are some reasons it is better for working couples to stagger their retirement dates. The reasons are both financial and emotional.

There are three main financial benefits. First, you normally can get more Social Security Benefits if one spouse works longer.  Second, the continued income from the working spouse results in additional years of savings for retirement. Third, the additional working time means you draw on retirement for a shorter period of time which allows the retirement assets to continue to earn income and results in a shorter withdrawal period.  

About the Author

John Sweeney

John is an experienced lawyer who helps you solve your problems. He practices Elder, Wills, Estates, Trusts, Special Needs, Business, & Tax Law in Fairfield County CT and Westchester County New York. He brings a wealth of experience in law, business, tax, insurance, and finance to arrive at practical solutions with compassion and care. Honest, direct and practical, he is focused on you and your problems. He also brings a wealth of personal experience from his own large family and aging parents.

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Elder, Wills, Estates, Trusts, Special Needs Tax & Business Law; Attorney John Sweeney

Sweeney Legal, LLC, provides legal, practical, and business counsel to Seniors, families, and businesses in the Fairfield, Connecticut area, including the communities of Bridgeport, Bethel, Brookfield, Danbury, Darien, Easton, Fairfield, New Canaan, Newtown, Norwalk, Redding, Ridgefield, Stamford, Weston, Westport and Wilton. John is also licensed in New York serving Westchester County including the towns of Bedford, Lewisboro, Mount Kisco, North Salem, Pound Ridge, and Somers.

Menu