One of the most common questions pre-retirees ask when considering retirement is, “Is $1 million enough to retire?” Today, we are discussing insight and the facts that you need to consider when answering this important question accurately.
Wealth Inside and Out® Podcast: “Is $1 Million Enough to Retire?”
In this episode, you will learn:
>> (2:21) The critical million-dollar questions you need to ask
>> (5:18) What is the magic number?
>> (5:43) The biggest takeaway when planning your retirement
>> (12:33) Tips for creating a spending plan that works
>> (15:20) Resources to create a successful retirement plan
>> (18:50) Ways to create additional income
Conclusion – “Is $1 Million Enough to Retire?”
Determining how much money you need to retire is critical. And most retirees spend too much time worrying that they may outlive their money. Today, we break it down so you can create a plan that reduces the chances you will end up in the broke category in retirement.
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This information is for educational purposes only. It is not intended to replace the advice of any advisor or specialist, nor to provide investment, financial, tax, retirement, planning, or healthcare advice.
Always consult with a qualified professional before making any financial decisions or changes.
To your financially secure tomorrow,
Annette