See the average retirement savings for 55-year-olds, how your balance compares, and what factors really matter when judging your own retirement readiness.
A $1.5M portfolio at 55 yields $60K annually at 4% or $45K at a safer 3% withdrawal rate. Private healthcare costs $20K to $25K per year until Medicare eligibility at 65. A dividend portfolio yielding ...
A $150,000 retirement savings balance isn’t huge for someone who’s 55. Before you panic, see how much you can reasonably save during the tail end of your career. Talk to a financial advisor about ways ...
Retiring at 55 can feel like crossing a finish line, but your 401(k) does not instantly align with your new lifestyle. Early retirement opens up a set of rules, tax surprises, and strategic options ...