My wife and I just realized we'll likely get $75k per year from Social Security - can we actually retire sooner than we planned?
Briefly

from 24/7 Wall St.5 months ago
Just because social security benefits don't begin to kick in until your 60s doesn't mean you should wait until a traditional retirement age before making the leap.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/02/my-wife-and-i-just-realized-well-likely-get-75k-per-year-from-social-security-can-we-actually-retire-sooner-than-we-planned/
With significant expenses covered, it seems like the couple has options, even in the years before they're eligible to collect social security.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/02/my-wife-and-i-just-realized-well-likely-get-75k-per-year-from-social-security-can-we-actually-retire-sooner-than-we-planned/
Positioning one's portfolio with an emphasis on passive income can make sense for those with the flexibility to retire a bit earlier.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/02/my-wife-and-i-just-realized-well-likely-get-75k-per-year-from-social-security-can-we-actually-retire-sooner-than-we-planned/
Putting in extra years would lead to a more comfortable retirement rather than a modest one as savings and social security benefits grow.
24/7 Wall St.https://247wallst.com/personal-finance/2024/11/02/my-wife-and-i-just-realized-well-likely-get-75k-per-year-from-social-security-can-we-actually-retire-sooner-than-we-planned/
Read at 24/7 Wall St.
#early-retirement #social-security #financial-independence #fire-movement #retirement-planning
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