Deciding Whether to Retire at 62: Analyzing Financial Readiness
Saturday, 10 August 2024, 11:00
Evaluating Retirement Readiness
When considering retirement at the age of 62 with $1.75 million in savings and Social Security, several factors must be evaluated.
Key Considerations
- Financial Stability: Ensure that your savings can cover retirement needs.
- Healthcare Costs: Anticipate potential medical expenses.
- Lifestyle Choices: Consider how your living expenses might change.
Conclusion
Ultimately, deciding to retire requires careful consideration of your financial situation and future needs.
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.