Here Is What I’ll Tell a 66-Year-Old Couple Who Will Retire With $310,000 Saved, $4,100 a Month in Social Security and a $1,400 Mortgage Payment
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The post Here Is What I’ll Tell a 66-Year-Old Couple Who Will Retire With $310,000 Saved, $4,100 a Month in Social Security and a $1,400 Mortgage Payment appeared first on 24/7 Wall St..
Imagine a 66-year-old husband and his 64-year-old wife preparing to retire. The couple has approximately $310,000 in IRAs and $140,000 left on a 3.25% mortgage. The payment is $1,400 a month, with nine years left. His Social Security will be $2,500 when he claims at 67. She took $1,600 at 64.
Plenty of cou
Imagine a 66-year-old husband and his 64-year-old wife preparing to retire. The couple has approximately $310,000 in IRAs and $140,000 left on a 3.25% mortgage. The payment is $1,400 a month, with nine years left. His Social Security will be $2,500 when he claims at 67. She took $1,600 at 64.
Plenty of cou
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