Retiring at 70 in 2026? Here's Your Game Plan.

Core Insights - Delaying retirement until age 70 can provide financial benefits, especially for those who enjoy their work and have less stressful jobs [1] Group 1: Social Security - Individuals retiring at 70 should claim Social Security benefits immediately, as there is no financial incentive to delay beyond this age [3] - Those who have delayed claiming Social Security may see increased monthly checks, reducing pressure on their savings [5] Group 2: Withdrawal Strategy - A sustainable withdrawal strategy is crucial for retirees, particularly those starting retirement with a healthy IRA or 401(k) balance [4] - The 4% rule, which allows for withdrawals adjusted for inflation, may not be necessary for those retiring at 70, potentially allowing for larger withdrawals [6] - It is important to determine a withdrawal rate that supports the desired lifestyle while preserving the nest egg [7] Group 3: Investment Portfolio - Retirement does not eliminate the need for a growth-oriented investment portfolio; maintaining some exposure to the stock market is essential for generating returns [8]