Can $1 Million and Social Security Support a $90K Annual Retirement Budget?

Reported about 1 month ago

A couple, both 65 years old with $1 million in savings and $42,000 in Social Security benefits, seeks advice on whether they can retire on $90,000 annually. Financial planning factors such as tax implications, investment strategies, risk tolerance, and withdrawal rates must be considered to determine the feasibility of sustaining their desired retirement lifestyle. Consulting a financial advisor can provide tailored insights and strategies.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis