Can I Afford to Quit My Job at 58 with $1 Million in Retirement Savings?

Reported 2 days ago

At 58 years old, a reader feels miserable in her job, particularly due to poor management, and is considering quitting despite having $1 million saved in a 401(k) and Roth IRA. Although her expenses are manageable, including healthcare costs, the author warns that quitting without a steady income could be financially unwise, especially since she cannot collect Social Security until at least 62. The article emphasizes the importance of emotional resilience in the workplace and the potential consequences of leaving a job without a financial safety net.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis