Considering Retirement at 65: Evaluating Your $1.5 Million and Social Security Benefits
Wednesday, 31 July 2024, 14:00
Assessing Retirement Feasibility at Age 65
At 65 years old, individuals with $1.5 million in assets alongside a reliable Social Security income may find themselves in a strong position for retirement.
Key Considerations for Retirement
- Retirement profile: A retiree's situation can vary widely based on needs.
- Location: Geographic factors play a significant part in retirement planning.
- Risk tolerance: Understanding personal risk is essential for financial security.
In summary, planning is crucial for a comfortable retirement, and evaluating financial strategies is necessary to navigate the transition effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.