Preparing for retirement financially

[Godfried]

Сonsider the length of your retirement. If you plan to retire early, you will need to ensure that your savings will last for a longer period of time. Assuming a moderate lifestyle, a 1.5 million dollar retirement nest egg could provide an annual income of approximately $60,000 to $75,000 per year, assuming a moderate investment return. This may be enough for some retirees, but it may not be sufficient for others depending on their individual circumstances.

Thanks, I found a guide on this topic, https://interactive-wealth.com/can-you-retire-with-1-5-million/

 

[turkeyneck]

Consider long term care insurance seriously. You don't want to get into the situation where you can't take care of yourself and don't have money for long term care. It's runs around $100k a year.

 

[murray t turtle]

What are some of the smartest moves we should take to be financially prepared for retirement?

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Give, save + invest 10-15%;
younger the better.
We used to eat KY fried chicken after church when much younger;
i b-b-q chicken or venison now.............................................