Ask an Advisor: I'm 58 With $700k Saved and No Social Security for 7 Years. How Do I Cover $3,000 Monthly Expenses?

SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 58 and I have $700,000 in 401(k)s and IRAs. I have no credit card debt, no auto loan payments and no student loans. I sold my home in California and paid cash for a house in Texas, so I have no mortgage. I’m retired military and bring in about $2,200 per month after taxes. My living expenses are $3,000 per month including property taxes. How can I pay all living expenses without working in my situation? ...