How Much Money Do You Need to Retire Early?

2 months ago
32

Retiring early? You’ll need income before Social Security starts. List sources like part-time work or dividends. If you start drawing on your social security at 62 your benefits are reduced by 30%...forever... so plan ahead. A 4% withdrawal from a $1 million portfolio gives $40,000 a year. Short on income? Watch my full video for five key retirement tips!

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