Retiring successfully means preserving savings, especially for those nearing retirement. A significant survey revealed that 20% of older Americans lack retirement savings. If you have $4 million saved, continued investment and careful planning are crucial. Focusing on income-producing assets like dividend stocks, real estate, and bonds helps mitigate market risks while providing necessary income. Implementing a safe withdrawal rate and maximizing Social Security benefits further ensures financial stability during retirement years. Utilizing tools to assess retirement readiness and working with financial advisors can enhance retirement strategies.
Come up with a safe withdrawal rate for your savings.
Maximizing Social Security could put less pressure on your savings.
#retirement-planning #financial-advisors #income-producing-assets #savings-strategy #social-security
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