Key Points Once you reach your 60s, you are very close to retirement. While you still have opportunities to save, hopefully, you have a substantial 401(k) balance. Seeing how much your peers have saved can offer insight into your progress. The $23,760 Social Security bonus most retirees completely overlook › When you have reached your 60s, you are likely very close to retirement and, in fact, many people retire during this decade of their lives. You also become eligible for Social Security as early as age 62, although waiting to claim benefits is often advisable.
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