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The Water Cooler
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Retiring
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<blockquote data-quote="Aries" data-source="post: 3303358" data-attributes="member: 44328"><p>I'm not sure that can be answered without info about your lifestyle, obligations, how much you need per month to live on, etc.</p><p></p><p>Articles I read said you need 10 times your annual income in savings, but I think they were based on a little higher retirement age. But at 58 I'd think that would be a minimum, and probably a little more than 10x. Unless of course you have some other source(s) of income.</p><p></p><p>If that's what we'd had though, I would have waited to retire.</p><p></p><p>I think Edward Jones, Fidelity, and probably other investment firms will talk to you about your personal situation, and give you some advice. Our 401K has always been with Fidelity, but we talked to an EJ guy a couple of years before we retired, too.</p></blockquote><p></p>
[QUOTE="Aries, post: 3303358, member: 44328"] I'm not sure that can be answered without info about your lifestyle, obligations, how much you need per month to live on, etc. Articles I read said you need 10 times your annual income in savings, but I think they were based on a little higher retirement age. But at 58 I'd think that would be a minimum, and probably a little more than 10x. Unless of course you have some other source(s) of income. If that's what we'd had though, I would have waited to retire. I think Edward Jones, Fidelity, and probably other investment firms will talk to you about your personal situation, and give you some advice. Our 401K has always been with Fidelity, but we talked to an EJ guy a couple of years before we retired, too. [/QUOTE]
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