I am 51 years old single man, and would like to retire within a year or two. I invested my money, and lived below my means. My present savings and investments produce $28,000 per year. 60% Cd’s and bonds, and 40% in stocks, mutual funds. Social Security has told me I will collect $1275 monthly at 62 ½ if I stop contributing now. My present cost of living is $1500, per month. I believe my retirement expenses would be less than $1000 per month as I plan to move to a rural area were the costs of living is lower.
My greatest concern is the escalating cost of health insurance and care. Can I retire? And should I make change’s in my investment portfolio to produce more income, and less growth? Thanks
My greatest concern is the escalating cost of health insurance and care. Can I retire? And should I make change’s in my investment portfolio to produce more income, and less growth? Thanks