Reported about 1 year ago
The article discusses the feasibility of retiring at age 62 with $1 million in a Roth IRA and receiving a $2,250 Social Security benefit monthly. While it is possible, it may require living on a tighter budget, potentially risking outliving savings. Factors like taxes, location, and life expectancy play a significant role. Delaying retirement until full retirement age could provide a more comfortable lifestyle with increased Social Security benefits and a larger Roth IRA. Seeking the advice of a financial advisor is recommended to explore retirement options further.
Source: YAHOO