Decision Guide: Can I Retire Yet?
One of the most important financial questions people face is whether they can afford to retire. Several factors influence retirement readiness.
Retirement Income Sources
- Social Security
- pensions
- investment withdrawals
- rental income
Retirement Spending
- housing
- healthcare
- lifestyle spending
- travel and family support
Portfolio Sustainability
Retirement plans should consider withdrawal rates, market volatility, longevity risk, and flexibility.
Healthcare and Insurance
Healthcare costs often increase in retirement and should be part of the plan.