Many Americans reach their retirement savings target but struggle to take the leap into retirement due to the “just one more year” syndrome. A healthy 60-year-old woman with $1.5 million saved delays retirement for various reasons, leading to a cycle of postponing. Financial advisors can help navigate this decision and maximize returns.

To cure the “just one more year” syndrome, managing expectations is key. Knowing when “enough is enough” financially is crucial. Using the 4% rule, a $1.5 million portfolio can yield $60,000 annually for 30 years, but factors like inflation and lifestyle must be considered. Financial advisors can add significant value to your retirement planning.

Investing in gold through a gold IRA with Thor Metals can be a smart diversification strategy against inflation and economic risks. Gold IRAs offer tax advantages and professional storage solutions. Acorns offers an automated investing platform that rounds up everyday purchases to grow your retirement nest egg. Consider these options to secure your financial future.

Read more at Yahoo Finance: I’m 60 and have $1.5M saved for retirement from a stressful job. Should I work ‘just one more year’ or call it quits?