The Social Security Administration assigns you a full retirement age (FRA) based on your birth year. Claiming under your FRA shrinks your checks by up to 30%. Consider your financial situation and ...
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I’m 62 years old and only have $490K in savings — how much can I spend per month if I retire today?
As of 2022, the median retirement savings account balance for American households of those aged 55 to 64 was $200,000, according to the Federal Reserve. So if you alone have $490,000 saved for your ...
The Social Security Administration assigns you a full retirement age (FRA) based on your birth year. Claiming under your FRA shrinks your checks by up to 30%. Consider your financial situation and ...
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