“I’m 61, recently laid off, with $550,000 in savings and no mortgage. Can I still retire?”
“[I] I just turned 61 and of course I got fired…so I think it’s time to put a hat on the work ring,” he says. He and his wife have his $350,000 in a personal retirement account, plus he has a $200,000 certificate of deposit and an emergency fund. They have paid off their mortgage, … Read more