Reported 6 months ago
A 67-year-old individual with $100,000 saved and aiming to retire in three years seeks advice on maximizing Social Security and pension income. With concerns about peers having significantly more savings, they consider annuities but weigh the complexity and fees involved. Insights suggest refraining from locking up funds and instead focusing on a balanced investment portfolio or high-yield savings options to offset retirement expenses and potentially continue saving, emphasizing the importance of personal financial planning over comparison to others' savings.
Source: YAHOO