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Kiplinger
Kiplinger
Business
Maurie Backman

We're 62 With $1.4 Million. I Want to Sell Our Beach House to Retire Now, But My Wife Wants to Keep It and Work Until 70.

Cody Schuiteboer
An older couple smiles as they relax on the porch of a beach house. The mood is casual and it is a sunny day.

Question: We're 62 with $1.4 in retirement savings. I want to sell our $610k beach house to retire this year. My wife wants to keep it and work until 70 to boost our savings. How do we resolve this?

Answer: Many people struggle to retire with a meaningful amount of savings. So if you're 62 years old with $1.4 million socked away, you may be well ahead of your peers.

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