I'm 52 With $5 Million and I'm Tired of Working. Can I Retire Now and Stretch My Savings?
Briefly

from 24/7 Wall St.2 months ago
Retiring at 52 with $5 million is possible but requires strategic management of funds, especially considering costs like health insurance and lack of government benefits.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/20/im-52-with-5-million-and-im-tired-of-working-can-i-retire-now-and-stretch-my-savings/
A home worth a considerable value isn't equivalent to liquid investment capital. It's crucial to reassess your net worth by excluding non-cash assets when planning retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/20/im-52-with-5-million-and-im-tired-of-working-can-i-retire-now-and-stretch-my-savings/
The earliest you can claim Social Security is age 62, but doing so incurs a permanent reduction in benefits - a factor worth noting for early retirees.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/20/im-52-with-5-million-and-im-tired-of-working-can-i-retire-now-and-stretch-my-savings/
Proper financial planning and consultation with an advisor are essential to ensure you can stretch your savings to last through an early retirement.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/20/im-52-with-5-million-and-im-tired-of-working-can-i-retire-now-and-stretch-my-savings/
Read at 24/7 Wall St.
#retirement-planning #financial-management #early-retirement #investment-strategy #health-insurance-costs
[
|
]