Here are 4 important rules discussed in Time Magazine for when you are living with someone during your retirement years.
If living together, but not marriage, is in the picture, follow this advice for a happy love nest.
You’re never too old to shack up. A growing number of grownup lovebirds are living together without benefit of marriage. In 2014, for example, 900,000 women ages 55 and over cohabited with a male partner, reports the Census Bureau, up from 372,000 10 years earlier. There are plenty of reasons to move in with, but not marry, your new partner, such as keeping Social Security benefits based on an earlier marriage, making sure your kids and grandkids remain your sole heirs, and just not wanting to tie yourself down.
But while staying single may simplify matters in some respects, living together in retirement can get complicated too, since each of you brings a family and a lifetime’s worth of assets into the mix. When the refrigerator gives out, who buys the new one? If you get sick, who directs your care? Follow these tips to make your love shack a happy one.
1. Share the wealth… a little
2. Set down roots
3. Make a health care plan
4 Make the heirs apparent
For more on each tip, click to read the full article.