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Pre-retirement couples should divide and conquer

Pre-retirement couples should divide and conquer
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Thursday 21st February 2008


Financial services provider Hartford Life suggests that consumers should "divide and conquer" to have the greatest chance of financial success.

The organisation explains that those who take on defined monetary roles within their relationship typically find themselves in a more secure position when reaching retirement.

President and chief executive officer of the firm Mike Kalen adds that the assertion is supported by research conducted by Hartford Life and the Massachusetts Institute of Technology.

"When couples divide and conquer their responsibilities they are more likely to have at least £50,000 to fund their retirement," he notes.

Mr Kalen continues that they are "consequently more likely to enjoy retirement once they are in it".

The study defines groups such as those who are joined at the hip and those who prefer going solo.

But those who divide and conquer are found to be happiest during retirement, with 73 per cent of the group saying they are financially secure.ADNFCR-8000200-ID-18478125-ADNFCR©

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