Reported 8 days ago
At 67, having $2.5 million in cash and a $500,000 IRA may position you well for retirement, but careful financial planning is crucial. This includes balancing income sources like Social Security, IRA withdrawals, and investment returns against living expenses. Strategies such as downsizing or utilizing tax-efficient investing techniques can help extend retirement savings. Consulting with a financial advisor is recommended to ensure a secure retirement plan that accounts for potential risks and costs.
Source: YAHOO