Determining the best age for retirement is a multifaceted process, but financial needs should be a central consideration. Retirees require sufficient cash flow to cover basic needs along with desired lifestyle, but they also have to manage the biggest risks , including longevity risk, inflation risk, and healthcare. If all the elements of a financial plan aren’t in place to provide enough cash flow without incurring too much risk, investors might have to consider a different retirement age.
To determine the ideal retirement age, people need to weigh their anticipated cash needs against guaranteed income and cash flows produced by […]
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