MSN: We’re in our 50s with $3.4 million saved for retirement – is it realistic that we can live off of just the interest? For those with sizeable or rapidly growing retirement nest eggs, it can make sense to stay invested in markets as one seeks to live off the interest or dividend payments. Undoubtedly, living off the ...

Understanding the Context

We’re in our 50s with $3.4 million saved for retirement – is it realistic that we can live off of just the interest? NBC 6 South Florida: How Much You Need to Save Every Month to Earn $60,000 a Year in Interest Alone for Retirement How Much You Need to Save Every Month to Earn $60,000 a Year in Interest Alone for Retirement NBC New York: Here's how much you need to save every month to earn $80,000, $90,000 and $100,000 per year in interest for retirement Here's how much you need to save every month to earn $80,000, $90,000 and $100,000 per year in interest for retirement Benzinga.com: At 68, Her Only Debt Is A $40K Parent Plus Loan For A Daughter Who Never Finished College. Should She Drain All Her Retirement To Pay It Off? “I’m 68 years old,” Pat said.

Key Insights

“I have a $40,000 student loan debt for my daughter and the only retirement amount I have is $37,000 in an IRA.” She is still working and earning about $78,000 a year. At 68, Her Only Debt Is A $40K Parent Plus Loan For A Daughter Who Never Finished College. Should She Drain All Her Retirement To Pay It Off? Moneywise on MSN: A new report says Americans are behind in their retirement savings — the typical worker only has $955 saved. Here’s a simple 5-step plan to catch up A new report says Americans are behind in their retirement savings — the typical worker only has $955 saved.

Final Thoughts

Here’s a simple 5-step plan to catch up