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Reply to "How much to retire in late 50's?"
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[quote=Anonymous]You can't withdraw money from an IRA until you are 59 1/2. I'm not sure if its the same for a 401K. Health Insurance on your own can be very expensive - $15,000-$25,000 a year Taking SS at age 62 significantly reduce what you can get at age 69, but you do get use of the money earlier. I'd work a few more years to build savings plus keep health benefits going until I can go on Cobra prior to SS. If you like your jobs and are in good health a few more years will not be costly.[/quote]
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