Reported about 1 month ago
Considering retiring at 55 with $3 million in savings? It’s crucial to plan carefully, taking into account extended expenses until you qualify for Medicare at 65 and Social Security benefits at 66 or 67. Early retirement means a longer financial horizon, necessitating adjustments in lifestyle and understanding retirement-related taxes. Adequate financial management, potentially with a financial advisor, can help ensure that your savings will support your lifestyle throughout retirement.
Source: YAHOO