PGR wrote:I've often seen posted on this forum that spouses should consider managing their respective portfolios from a somewhat 'unified' perspective. (e.g. same/similar allocation plan for combined funds, etc...)
What if two spouses have a somewhat notable age difference? Say more than 10 years? Would that be a scenario to treat each portfolio with somewhat different or unique allocation plans, etc?
No matter what the age difference, I don't see that a "unified " approach necessarily means a same/similar allocation. The various accounts you own between you could be allocated to their "best and highest use" depending on what is available to each of you and keeping each account as simple and uncluttered as possible, e.g., short term bonds in his IRA and Total Bond in her, larger, IRA, if you want more Total Bond and she has a larger IRA.
Are you really asking whether each should manage his/her own account predicated on their own age or should a combined investment plan be predicated on their average age/younger person's age/some other age? If that's your question, we - with a >15 year difference - settled on using the younger of our ages.