I'm 62 With $1.6 Million in an IRA and a $2,800 per Month Social Security. What's My Retirement Budget?

A budget by definition includes both income and expenses. The two halves of a budget are interdependent, so that if expenses go up, income must also rise. Otherwise, the budget won't balance. Someone ready to retire at 62 with $1.6 million in an IRA and $2,800 in monthly Social Security benefits could start with an […] The post I’m 62 With $1.6 Million in an IRA and a $2,800 per Month Social Security. What’s My Retirement Budget? appeared first on SmartReads by SmartAsset.