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Ask the Retirement Expert: I Plan to Work for 5 Years After My Spouse Retires. Is That Realistic?

Angela DiCastri, MBA, CLU® •  December 18, 2015 | Enjoying Retirement, Ask the Expert

By Angela DiCastri, MBA, CLU®

Angela is the Director, Retirement Market, Planning and Sales. Under her leadership, the department is responsible for the growth and development of the retirement market, sales and adoption strategies, and the execution of plans that align with both the markets needs and the Company’s product development efforts.

Each week our Northwestern Mutual retirement experts answer your questions. This week’s question:

I plan to work for five years after my spouse retires. Is that realistic?

That’s a tough one to gauge. Generally speaking, spouses who plan to retire at different ages are not likely to follow through on the plan.

A few things happen when one spouse retires. The social calendar gets flipped on its head. The retired spouse is now free to do social activities during the day, go to an early dinner with friends and travel, while the working spouse is not able to do these things.

This can lead to the working spouse feeling left out and longing for retirement so he or she can participate in the activities the spouse is enjoying. As a result, the working spouse often exits the workforce earlier than planned.

Do you have a question for our Northwestern Mutual retirement experts? Click here to send your questions.

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