Retiring early requires a lot of planning. In addition to the considerations for a normal retirement age, investors also need to think about health insurance, longevity, and how to fill their days.
The idea of living off dividends in retirement sounds nice, but investors often don’t realize how much money they’ll need invested to generate enough income from dividends to cover lifestyle expenses. Over the last 30 years, the S&P 500’s average dividend yield was 1.98%.¹ So historically, every $1 million invested
How much money do you need to retire at 60? That depends entirely on how much you plan to spend in retirement. Absent a large pension or other source of income, as your expenses grow, your retirement savings must also. While retiring at 60 isn’t terribly early, it is before
Deciding whether or not to take the offer of a voluntary early retirement package or buyout from an employer is a big decision. Taking an early retirement, perhaps at 55 or 60 years old, can have a lasting impact on your finances, even when it’s the right choice. If you’ve