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re: what should i do? (advice appreciated!)
Posted on 2/23/15 at 4:08 pm to Kashmir
Posted on 2/23/15 at 4:08 pm to Kashmir
First, you will need to consider health insurance until you turn 65 and can get on medicare. That could be a big bill. Of course, if your entire income is 1725/month you may be able to qualify for some subsidized Obamacare.
Second, how is your health? If you are in good health, try to hold of on taking SS as long as you can.
Third, the current job you are working, will you get any retirement benefits from it (do you have a 401k, etc)?
Fourth, is your savings in cash, or invested? And, how is your IRA invested? If they are pretty conservative, I might be tempted to spend down your savings first.
Second, how is your health? If you are in good health, try to hold of on taking SS as long as you can.
Third, the current job you are working, will you get any retirement benefits from it (do you have a 401k, etc)?
Fourth, is your savings in cash, or invested? And, how is your IRA invested? If they are pretty conservative, I might be tempted to spend down your savings first.
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