Laid off at 62 and want to stop working — is $1.3M enough to retire in 2026? Here’s how the numbers break down

• / Retirement planning at 62 with $1.3M requires careful budgeting to ensure funds last, especially with inflation and healthcare costs.
• / Withdrawal strategies (e.g., 4% rule) and tax implications must be evaluated to avoid depleting savings prematurely.
• / Social Security timing and potential part-time work can impact financial security, making professional advice critical.

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