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Youve worked so hard to reach the milestone achievement of bidding adieu to a career-focused existence.
Unfortunately,retirementdoesnt always play out that way.
Complicating the matter is the fact that theres no one-size-fits-all, across-the-board magic number.
Read on tofind out if youll be ready to retire.
Test No.
What would your retirement look like if you retired at 62?
Could you find part-time work to bring in some income?
Could you continue with your plan to delay claiming Social Security?
Would you have the mortgage paid off?
Not because they wanted to.
Because their hand was forced: illness, a disability or being pushed out of a career job.
Test No.
Perhaps its a medical issue that your insurance doesnt cover.
Or maybe its asurprise vet billfor your cat.
It really doesnt matter what it is; what matters is that these costs inevitably will strike.
And to be clear, I think 3 months is an inadequate cushion!
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