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Are You and Your Partner Financially Compatible? | Fidelity

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Published on Jun 23, 2015

In this video, couples take a quiz to see how financially compatible they really are. According to Fidelity’s Couples Retirement Study, there's disagreement even among one of the most basic financial matters – salary – with 43% incorrectly stating their partner’s income. How do you and your partner stack up? Visit https://fidelity.com/couplesquiz to find out.

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Kristin: Money can be a touchy topic in relationships. And retirement? That’s something we could probably all think about a little more. We asked some couples to take Fidelity’s couples quiz to see how financially compatible they are when it comes to financially planning their retirement.

Rebekah: How financially compatible are you?

Michael: Age: 25 to 34. Pretty easy quiz, Fidelity.

Rebekah: In case of an emergency, do you know where your legal documents are? I do.

Michael: My partner does, I have no idea.

Kristin: Fidelity’s survey found that most couples have a few cracks in their financial foundation.

Text:
1 in 5 couples disagree on where to find important documents
Source: Fidelity Couples Retirement Study 2015

Voiceover: For example, 1 in 5 disagree on who knows where to find important financial and legal documents.

Text: 43% fail to correctly identify their partner’s salary
Source: Fidelity Couples Retirement Study 2015

Voiceover: And there's even disagreement among one of the most basic financial matters: salary.

Kristin: But more importantly, where do these couples stand with their retirement goals?

Shauntay: Everyone pictures retirement differently. What does yours look like?

Damien: Honestly I have no idea.

Shauntay: I don’t expect we’ll live in luxury, but we’ll be fine.

Rebekah: When it comes to investing for your retirement, who is primarily in charge? Um we do that together as well.

Shauntay: I am.

Damien: My partner is, but I weigh in on occasion.

Voiceover: In Fidelity’s survey, 33 percent of couples disagreed on what kind of lifestyle they’ll have in retirement. But overall, 72 percent of them say they communicate exceptionally or very well on this topic.

Text:

33% disagree 72% communicate well
Source: Fidelity Couples Retirement Study 2015

Kristin: Our couples, at least, seemed to be on the same financial page.

Michael: Uh yeah I don’t know, retire in an old beach side town somewhere?

Rebekah: That’s exactly what I was thinking so.

Michael: Run a little bed and breakfast in Italy?

Rebekah: Perfect.

Shauntay: For me, I definitely think about retirement often um because it is a ways off, but I mean you don’t want to wait until it's you’re almost time to retire to have money.

Kristin: And what advice do they have for other couples?

Rebekah: Talk to each other like openly all the time about money and what your savings goals are.

Michael: We went and saw a financial planner, had like the one free consultation. Just gave us some confidence and gave us enough ideas where we felt comfortable talking about our savings.

Rebekah: Yeah. It made us realize we need to start focus on um investing.

Damien: Just be straightforward you know. Just like she shares with me what she makes, I need to share with her what I make.

Voiceover: Are you and your partner on the same page? Take Fidelity’s quiz and find out. Fidelity dot com slash couples quiz.

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

726919.2.0

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