How to Know When You'll Be Able to Retire
Christine Benz looks at the key financial considerations for determining your ability to retire.
Note: This video is part of Morningstar's 7 Days to Retirement Readiness week special report.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Thanks to a long-running bull market, retirement portfolio balances are elevated, too. But determining if you're ready to retire requires you to go beyond your account balance. You'll also need to look at your anticipated in-retirement spending as well as any nonportfolio sources of income you'll be able to rely on.