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  2. I'm 55 With $1.2 Million in My 401(k). Would Catch-Up ... - AOL

    www.aol.com/im-55-1-2-million-113000717.html

    A 55-year-old with $1.2 million saved in a 401(k) probably may forgo their catch-up contributions if they feel comfortable with the potential income their savings will generate in retirement.

  3. 401(k) withdrawal rules: What to know before cashing out ...

    www.aol.com/finance/what-are-401k-withdrawal...

    The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...

  4. $2 Million Will Last You This Long if You Retire at 55 - AOL

    www.aol.com/2-million-enough-retire-comfortably...

    For example, you can calculate an $80,000 return for your $2 million retirement fund. As a result, your income at 55 will be $6,666 per month. Then, you’ll increase this amount by 3% this year ...

  5. Individual retirement account - Wikipedia

    en.wikipedia.org/wiki/Individual_retirement_account

    Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.

  6. This Is What Your Lifestyle Could Look Like if You Retire at ...

    www.aol.com/retiring-55-2-5-million-130056434.html

    An annual income of $100,000 is well above the average salary of $60,944 earned by people aged 55 to 64 who are still working. And many retirement planners suggest using 70% of pre-retirement ...

  7. Baby boomers - Wikipedia

    en.wikipedia.org/wiki/Baby_boomers

    In 2018, about 17.8% of China's population, or around 250 million people, was at least 60 years old. The Central Government has been considering raising the retirement age, like many other countries have done, though this is controversial among the Chinese public, who dislike postponing their pensions.

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