Retiring at 62 with $2.5 Million in Roth IRA and $2,500 Social Security Benefit

Reported over 1 year ago

A man contemplates the possibility of retiring at 62 with a $2.5 million Roth IRA balance and a $2,500 monthly Social Security benefit. While it may be feasible, early retirement at 62 can impact Social Security benefits by up to 30%. Factors to consider include accurately estimating Social Security benefits, preparing for inflation and market volatility, managing lifestyle expenses, and creating a retirement income plan. Financial advisors can provide guidance in planning for retirement in such financial situations.

Retiring at 62 with $2.5 Million in Roth IRA and $2,500 Social Security Benefit

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