Question: My wife and I retired at 70 with $4.3 million. I want to travel, but she feels guilty spending "our grandkids' inheritance." I love my grandchildren to pieces, but I feel like the time to travel and have fun is now. Help!
Answer: Baby boomers only had an average 401(k) balance of $249,300 in 2025, according to Fidelity. If you retired at 70 with $4.3 million saved, you may have a lot more financial flexibility in retirement than many of your peers.
