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  2. 55 and Retired: How Far Will $2.5 Million Take You? - AOL

    www.aol.com/retiring-55-2-5-million-130056434.html

    And many retirement planners suggest using 70% of pre-retirement earnings as a starting point when budgeting for spending in retirement. Seventy percent of $60,944 is $42,661. Seventy percent of ...

  3. 3 Big Social Security Changes Coming in 2025 May Surprise ...

    www.aol.com/3-big-social-security-changes...

    A recent survey from MassMutual found that 2 in 5 adults aged 55 to 65 expect benefits to be their largest source of income throughout retirement. ... up to 6.2% of $168,600 in Social Security ...

  4. Can I Retire at 55 With $2 Million and $6k in Monthly ... - AOL

    www.aol.com/im-55-2-million-net-120000928.html

    At age 55 with $2 million in the bank, you are well positioned to retire early. Just make sure that you anticipate the complicated issues around early retirement, including long-term inflation ...

  5. Retirement spend-down - Wikipedia

    en.wikipedia.org/wiki/Retirement_spend-down

    The appeal of retirement age flexibility is the focal point of an actuarial approach to retirement spend-down that has spawned in response to the surge of baby boomers approaching retirement. The approach is based on personal asset/liability matching process and present values to determine current year and future year spending budget data points.

  6. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    A Member with 10 years of service who takes a FERS pension at the earliest allowable age of 55 would receive a reduced pension equal to 11% of high-3 salary (.017 x 10 years, reduced by .05 times the seven-year difference between the individual's age at retirement and age 62). [4]

  7. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    An individual retirement account [1] (IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

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