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How couples can plan for old age by retiring separately
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Jeffrey and Diane Holtaway planned to retire separately but the first years were trickier than expected.
PHOTO: HANNAH YOON/NYTIMES
Tammy LaGorce
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Before Jeffrey Holtaway retired in 2017 from the public health field, he and his wife Diane talked a lot about money. Mrs Holtaway, who was still working at Rutgers University, planned to stay at her job so they wouldn’t need to tap their retirement funds right away.
“We knew in advance the first years would be kind of tough,” Mrs Holtaway, 66, said. But she supported her husband’s decision to retire at 60, a plan their financial adviser had approved. The jump from two pay cheques to one salary and a pension, however, was bumpier than she expected.
