Many people think of retirement as a symbolic finish line, but precise timing can make a meaningful difference, influencing everything from taxes to mental health. In a recent YouTube video, certified financial planner Kevin Lum said the month you retire can act as a trigger for a series of financial and lifestyle changes, which is why there’s no one-size-fits-all answer. “There’s no universally best month, but there could be a best month for you,” he said. How the First 6 Months of Retirement Can Shape ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary The average retired household in the U.S. brings in about $2,302 a month, but where you live makes a major difference. Some states average well above $3,000 a month, while others sit closer to $1,700, often leaving little margin beyond Social Security. If you're trying to figure out whether your retirement income will actually stretch where you live or plan to retire, it can help to walk th ...