Low-savings retirement planning
This is a news story, published by Yahoo Finance, that relates primarily to Social Security news.
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potential retirement incomeSmartAsset
•I'm 65 With Only $120k Saved. Is It Too Late to Retire Comfortably?
74% Informative
A low-savings retirement is one in which you don’t have enough money in your portfolio to generate a comfortable retirement income.
Delay retirement until age 70 if you can; this will boost both your benefits and your savings.
For Social Security , unfortunately this is a profile where you likely won't qualify for maximum benefits.
An annuity might be a strong option, as these can sometimes maximize value of relatively small portfolios.
If you have a low-savings retirement, don’t panic, you have time and opportunities to make sure that you are comfortable in your later years .
Managing spending and, potentially, relocating to an inexpensive community might be the key.
Get matched with a financial advisor who can help you evaluate your options for retirement.
VR Score
67
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61
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29
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English
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long-living
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