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Did you kiss your spouse today?

By Jennie L. Phipps ·
Wednesday, February 20, 2013
Posted: 4 pm ET

I gave my husband a big kiss this morning because he makes my life so much better.

If I needed proof of that, a recent survey from the Insured Retirement Institute provides it. The institute surveyed people between the ages of 50 and 66 and came up with seven solid reasons why marriage is key to successful retirement planning.

  1. Eighty-two percent of married couples have some retirement savings. Only 67 percent of singles have a retirement nest egg.
  2. Married couples are much less likely than singles -- 37 percent vs. 53 percent -- to be counting on Social Security to be their primary source of income in retirement.
  3. Only 13.7 percent of married couples have tapped prematurely into their retirement accounts, while 21.4 percent of singles have taken a loan or withdrawal.
  4. Some 23 percent of married couples have decided to postpone their retirement in order to save more, while only 16 percent of singles have taken that step.
  5. Forty-seven percent of married couples are saving in a tax-advantaged, employer-provided plan such as a 401(k), while just 27.8 percent of singles have that advantage.
  6. Married couples are more likely to have a retirement goal, with 56 percent planning to save a set amount before they retire, compared to 41 percent of singles who are more likely to wing it.
  7. Overall, married couples are much more optimistic about retirement compared to singles, with 41 percent believing that they will live more comfortably in retirement than their parents did. Just 26 percent of singles feel that way.

Having a partner in life makes it a lot more likely that your old age will be more secure and a lot more fun.

And besides, divorce is very expensive.

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Angela Palmer
February 24, 2013 at 4:59 pm

I would have thought there was nothing wrong with tapping into your retirement funds early, provided you have saved enough. Also, deciding to work longer to save more can just mean that you hadn't saved enough already.

There are many people who have achieved their goal of retiring in their late thirties.

Check out if you're interested.

Steve J
February 21, 2013 at 11:48 am

All very good points!