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I’m 60, my wife thinks ‘money is for spending,’ I just lost my job and plan to retire — how can we avoid money fights?

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I’m 60 years old and recently lost my job of 20 years. Given my age and the current economic climate, I’m looking at the possibility of retiring, at least from a full-time job. My wife is 68 and currently employed making approximately $50,000 a year and collecting Social Security of $1,900 a month. She’s looking at retiring in June 2021. I’d like to wait until at least age 65 to collect my Social Security, which at that time would be about $2,300 a month. We have about $1.4 million in retirement accounts and roughly $400,000 in cash accounts. We have a $280,000 mortgage on a $1.2 million house and a fresh 30-year loan with a payment of $2,300/month including property tax. We have…



Source marketwatch.com

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