Reported 8 months ago
The article explores the possibility of retiring at 60 with $300,000 in savings, emphasizing the need for a modest standard of living in such a scenario. Factors like income sources, including Social Security, investments, savings, and expenses after retirement are discussed. It is suggested that while theoretically possible, $300,000 may not be sufficient for early retirement due to potential financial challenges and the risk of depleting the principal amount. Planning for taxes, living expenses, and consulting a financial advisor are recommended for a more secure retirement.
Source: YAHOO