Reported about 1 year ago
A 43-year-old divorced father with $315,000 in a traditional IRA, $90,000 in a Roth IRA, and other savings like a health savings account and college savings is considering retiring at 57. By analyzing his savings using the 4% rule and SmartAsset's retirement calculator, he appears to be on track to retire comfortably. However, variables like college costs and changing circumstances need consideration in his retirement plan. It's suggested he carefully balance tax minimization, keep an appropriate asset allocation, and regularly review and adjust his plan to ensure long-term financial security.
Source: YAHOO