Reported 1 day ago
Planning to retire in your 50s requires more than just saving money; you must consider the complexities of funding a longer retirement, managing health insurance before Medicare, tax implications of early withdrawals, and the potential need for continued work or income. It’s crucial to account for dependents, maintain social connections, and plan meticulously, as insufficient planning could lead to running out of savings or struggling with inflation in retirement.
Source: YAHOO