Alessandra
Wed Oct 09 2024
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6 answers
1292
Is $1.5 million enough to retire at 70?
I'm curious to know, given the current state of the economy and the fluctuations in the cryptocurrency market, would $1.5 million be considered a sufficient amount to retire on at the age of 70? Are there any factors I should consider beyond just the dollar amount, such as inflation, the cost of living in my desired retirement location, and potential market downturns? Additionally, how might diversifying my investments, including in cryptocurrency, affect my retirement savings and overall financial stability?
CryptoVisionary
Tue Oct 08 2024
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7 answers
1785
What is a safe withdrawal rate at 70 years old?
Could you please elaborate on what constitutes a SAFE withdrawal rate for an individual who is 70 years old? Is there a specific percentage or range that is generally recommended, taking into account factors such as investment portfolio composition, inflation, and life expectancy? Additionally, how does one go about determining their own safe withdrawal rate, and what steps should they take to ensure their financial security in retirement?
