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The average life expectancy in the U.S. is about 77, as of 2022.
Needless to say, this isnt a lot of time.
But you dont have to wait until your FRA to bid adieu to the working force.
Some Americans opt forearly retirement.
Withdrawals from certain types ofinvestment and retirement accountswill be subject to taxes.
Out-of-pocket medical costs are important to consider during the entire length of retirement.
You should use conservative return estimates and plan for various scenarios, including market downturns.
Diversify your investments to manage risk effectively.
You have to be ready for this.
But the lost gains are very hard to overcome.
It can be hard to accept, but retirement requires a fixed-income mentality.
Small payments allow you to pay from your gains regardless of the interest charges.
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