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You can claim Social Security between 62 and 70, but you have a full retirement age (FRA) you must wait for if you want your standard benefit. If you were born in 1960 or later, your FRA is 67.
For example, if your spending is $60,000 each year and you’re planning to retire in 10 years, you’ll want to build in an inflation adjustment — perhaps 3 percent annually — to get a better ...
Before you panic, let’s look at three tips you can use to help guide your retirement decision. The 4% rule Many financial advisors recommend that retirees live by the rule of thumb of taking out ...
You can probably retire in financial comfort at age 45 if you have $3 million in savings. Although it's much younger than most people retire, that much money can likely generate adequate income ...
On the flip side, if you anticipate some health struggles in the future, you know your retirement budget will need to be heavily weighted toward health care, with the understanding that you might ...
You can live off a retirement nest egg of less than $1 million, but how comfortable you will be depends on a number of factors. Many retirees simply live off Social Security, so it can certainly ...
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You can probably retire in financial comfort at age 45 if you have $3 million in savings. Although it's much younger than most people retire, that much money can likely generate adequate income ...