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You can retire on less than $1 million - Yahoo!Finance
Not every soon-to-be retiree will have $1 million saved, but that does not mean you cannot retire. You will need to plan a reasonable monthly budget, maximize your Social Security benefits, and create a drawdown strategy. It sounds very daunting, but it is doable even if you have less than $1 million. Jacob Wade offers guidelines to help retirees figure out a safe withdrawal rate for their money. Read Mr. Wade’s article here…
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