from24/7 Wall St.
1 week agoI'm 55 with only $80,000 in the bank and only $40,000 in my 401(k). Can I ever retire?
Unfortunately, millions of Americans are precisely in this situation, as they haven't been able to follow retirement planning to the T. A Redditor on the r/FinancialPlanning subreddit earlier this year, saying they had only $80,000 in the bank and $40,000 in their 401(k). The individual is now seeking a financial planner, which is a smart idea and almost a must at this stage. However, if you're not looking for a personalized blueprint and you want an approximation, you may benefit from reading on.
Retirement