Gregory Hutchison, 72, is living most people’s retirement dream. After a nearly 44-year career as an expert in information technology at IBM
, Hutchison retired in 2021 with close to $1 million in his 401(k).
He and his wife sold their home and downsized to a smaller house by the water in Snow Hill, Maryland, where he likes to go boating.
“I don’t live a lavish life, but I have enough to go out to dinner every night, if I want to, with my wife,” he said.
Even so, Hutchison said he wishes he had consulted with a financial advisor sooner. “There is so much you don’t know — the taxes, expenses are coming from places you didn’t know existed,” he said.
