Reported 2 days ago
As you approach retirement at 60 with $1.5 million in your IRA, careful planning is essential to ensure this money lasts throughout your life. Key considerations include understanding your lifestyle costs, potential income sources such as Social Security, and strategies for managing withdrawals, taxes, and healthcare expenses. Options like cash assets, bonds, dividends, or annuities can provide income, while maintaining a balanced portfolio approach may enhance growth potential. Consulting with a financial advisor can help tailor a retirement plan that aligns with your unique needs and goals.
Source: YAHOO