Experts Back $6 Million Retiree Keeping Assets Separate From Husband as 97% Cite Money Mismatch
Updated
Updated · Yahoo Finance · Oct 5
Experts Back $6 Million Retiree Keeping Assets Separate From Husband as 97% Cite Money Mismatch
1 articles · Updated · Yahoo Finance · Oct 5
Summary
$6 million retiree Tyra is not wrong to resist funding husband Malcolm’s retirement, financial advisers and a couples therapist told Moneywise.
Malcolm lives on Social Security with only modest savings, leaving the couple resentful because he cannot match Tyra’s lifestyle while she feels pressured to subsidize it.
Experts said late-life marriages often justify separate finances, especially when spouses bring sharply different assets, grown children, or estate-planning concerns into the relationship.
Advisers recommended keeping accounts solely in Tyra’s name so she retains control over beneficiaries and how her wealth is divided after death.
A recent survey underscored the broader strain: 97% of older singles said financial incompatibility is a dating dealbreaker.