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Financial Advisers Grapple With Two-Income Retirement Planning

In the good old days of single-income households, retirement planning was relatively easy.

In the good old days of single-income households, retirement planning was relatively easy. Today’s double incomes, however, are causing financial advisers to think twice about how to put together retirement plans for their baby boomer clients. Investment News reports that dual-income households makes retirement planning more complex, as advisers have many additional issues to consider, such as what to do when one spouse is retired and one is still working; how to deal with currently active 401(k) plans and dormant ones from previous employers; and figuring out which spouse has the better 401(k) plan and whether to put more money in it. In addition, the financial adviser needs to consider Social Security income and health insurance issues.

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