$4 Million Bucks Will Buy You This Type of Retirement If You Stop Working at 55

A $4 million nest egg will likely allow you to retire comfortably at age 55. The major challenge will be accumulating that much capital by 55 – about a decade before most people stop working. Other issues include the need to pay for private health insurance, a wait of at least seven years for Social Security benefits and penalties on early withdrawals from tax-advantaged retirement accounts. A financial advisor can help you design a plan to pay…