What should I consider when planning for retirement age?
When planning for retirement, consider your desired lifestyle, savings, investments, healthcare costs, and social security benefits.
How much money do I need to save for a comfortable retirement?
A common rule is to aim for 70-80% of your pre-retirement income annually, but it varies based on personal circumstances.
What are some good investment options for retirement?
Consider a mix of stocks, bonds, and mutual funds. Also, look into retirement accounts like 401(k)s and IRAs.
At what age should I start withdrawing from my retirement accounts?
You can start withdrawing from retirement accounts at age 59½ without penalties, but consider your tax situation and needs.
What if I want to retire early?
If you want to retire early, you'll need to save more aggressively and plan for healthcare costs until Medicare kicks in at 65.
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