Reported 13 days ago
At 67, with $2 million in an IRA, strategic planning and investment are crucial to ensuring these savings sustain you throughout your retirement. Key strategies include adhering to a sustainable withdrawal rate, typically the 4% rule, and diversifying investments between stocks, bonds, and annuities to balance growth and risk. Supplementing income through Social Security or part-time work can also extend the longevity of your funds. Engaging with a financial advisor can help tailor a retirement plan that addresses potential risks like longevity and market fluctuations, ensuring a comfortable lifestyle in your later years.
Source: YAHOO