Financial Planning for Retirement
This is a news story, published by Yahoo Finance, that relates primarily to Social Security news.
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retirement planningSmartAsset
•With $1.4 Million at 59, Can I Cover $5k Monthly Expenses in Retirement?
74% Informative
At age 59 , you’ll retire six years early and eight years early by Medicare and Social Security standards.
Early retirement raises several issues, all of which will shift your retirement costs.
The longer you spend in retirement, the more you will need to anticipate inflation.
To collect “full” Social Security benefits, you will have to wait until age 67 .
At age 59 , can you retire with $1.4 million in assets on hand? The answer is, maybe, but you should really think it through.
If you wait until just age 64 , you could retire with nearly $2 million in the bank.
A financial advisor can help you build a comprehensive retirement plan.
VR Score
68
Informative language
60
Neutral language
61
Article tone
informal
Language
English
Language complexity
34
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
long-living
External references
9
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