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Kiplinger
Kiplinger
Business
Maurie Backman

We're 67 With $3.1 Million. My Husband Loves His Part-Time Work, but It's Holding Us Back From Traveling in Retirement.

(Image credit: Getty Images)

Question: We retired last year at 67 with $3.1 million and get $5,000 a month in Social Security. My husband insists on working two days a week to keep his mind busy (and he secretly loves the challenge). But his side gig is interfering with the travel plans I want to make for us. We're not getting any younger. Help!

Answer: As of 2022, the most recent year for which data is available, the average retirement savings balance among 67-year-olds was about $609,000, per the Federal Reserve. Meanwhile, the average Social Security retirement benefit today is $2,076.41.

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