Reported 12 days ago
A significant portion of working Americans feels unprepared for retirement savings, with experts advising a detailed evaluation of future budgets as retirement approaches, especially around age 50. It is important to consider factors like reduced commuting costs, possible relocations, Social Security benefits, and potential pension plans. Financial experts suggest withdrawing around 4% of one's portfolio annually as a sustainable strategy while de-risking investments by shifting funds from stocks to bonds. Alongside saving, individuals are encouraged to pursue life goals that bring joy and fulfillment beyond financial metrics.
Source: YAHOO