‘I’m not looking to leave any money to the kids’: We’re in our 60s with $1.5 million in IRAs. Can we retire next year?
A couple in their early 60s, with $1
A couple in their early 60s, with $1.5 million saved in IRAs and no intention of leaving an inheritance, is seeking advice on whether they can afford to retire next year. This scenario highlights common retirement planning considerations, including desired lifestyle, healthcare costs, and longevity risk, especially with their stated goal of spending down their assets.
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A couple in their early 60s, with $1.5 million saved in IRAs and no intention of leaving an inheritance, is seeking advice on whether they can afford to retire next year. This scenario highlights common retirement planning considerations, including desired lifestyle, healthcare costs, and longevity risk, especially with their stated goal of spending down their assets.