Reported 6 days ago
At 59, having $1.4 million may allow for retirement with $5,000 monthly expenses, but careful planning is crucial for financial stability. Factors like longevity, reduced access to Social Security, increased health insurance costs, and inflation must be considered. While it's possible to retire early, it may lead to financial strain; waiting a few more years could offer a more comfortable and secure retirement. Consulting a financial advisor is recommended to tailor an investment and withdrawal strategy.
Source: YAHOO