Retired 55-year-old's $3M Net Worth

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SmartAsset

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Ask an Advisor: $3 Million Net Worth, With $5K in Monthly Costs. Is 55 Too Soon to Retire?

Summary

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75% Informative

Your net worth is the value of all of your assets minus any debts.

Are your assets mostly liquid, like stocks and cash? Or is your net worth primarily tied up in illiquid assets, such as real estate? The answer may dictate how much you can afford to withdraw.

SmartAsset ’s free tool matches you with up to three vetted financial advisors who serve your area.

An emergency fund should be liquid -- in an account that isn't at risk of fluctuation like the stock market.

A high-interest account allows you to earn compound interest.

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informal

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English

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