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Kiplinger
Kiplinger
Business
Maurie Backman

I Want to Travel, My Wife Wants to Donate 10% of Our Income: Can Our Retirement Budget Survive Both?

(Image credit: Getty Images)

Question: We're 71, retired, and have an $8,000 monthly income. I want to travel to Europe while we still can, but my wife believes tithing (or donating 10% to our church) is her religious duty. I think she shouldn't feel so pressured to give. We're comfortable but not wealthy. What's a tax-efficient and relationship-saving solution to this issue?

Answer: Religion is a very personal matter. And it's not uncommon for people who share the same faith to practice it very differently. But no matter which religion you identify with, the obligation to tithe in some shape or form may be a core part of your beliefs.

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