Ask an Advisor: Should I Retire? I'm 60, Have $1.1M Cash, $880K in a 401(k), Pensions and Social Security

AI Briefing

• – Retirement options to consider include taking required minimum distributions, annuitizing pensions, and investing in a sustainable income stream.
• – Weigh the pros and cons of retiring now vs. delaying to maximize Social Security benefits and potentially catch a higher stock market peak.
• – Consider consulting a financial advisor to determine the best strategy for achieving a comfortable retirement income.