Waited

I Waited Until 75 to Retire With $1.4 million. Do I Have to Follow the 4% Rule, or Can I Take Larger Withdrawals?

Investment Tips /
I Waited Until 75 to Retire With $1.4 million. Do I Have to Follow the 4% Rule, or Can I Take Larger Withdrawals?

Question: I waited until 75 to retire with $1.4 million. Do I have to follow the 4% rule, or can I take larger withdrawals since I’m older than the typical retiree? Answer: Some people opt to retire at age 62 because that’s the earliest age to claim Social Security. Others like to wait until 65 […]

I Waited Until 75 to Retire With $1.4 million. Do I Have to Follow the 4% Rule, or Can I Take Larger Withdrawals? Read More »

I Waited to Claim Social Security and Never Got Around to Filing By My 70th Birthday. Did I Goof?

Personal Finance /
A man and woman in their 70s arrive home after shopping.

Question: I waited to claim Social Security and never got around to filing by my 70th birthday. Did I goof? Answer: Given that many private-sector employers have phased out pensions and that the median retirement savings balance among Americans 65 to 74 was only $200,000 as of 2022, Social Security is clearly an extremely important

I Waited to Claim Social Security and Never Got Around to Filing By My 70th Birthday. Did I Goof? Read More »