From Yahoo Finance: 2025-04-20 08:30:00

A 60-year-old man going through a divorce plans to retire in 4-5 years. His pension would cover 73% of his current income, with $200k in a 401(k). He aims to travel and help his kids save for college. He’s advised to assess living expenses, tax bracket changes, and catch-up contributions. Timing retirement to avoid market downturns is crucial. A financial advisor can help with tax planning and risk management. He must also plan for required minimum distributions and have an emergency fund. Consider renting before buying a new home.



Read more at Yahoo Finance: I’m Divorcing at 60-How Should I Prepare Financially for Retirement?