One of the most common questions is, “Can You Retire on 1 Million Dollars?”
While I’m not allowed to give you specific advice, today, you will learn what you need to know and do to ensure you have enough money to retire comfortably.
This episode provides a wealth of information on creating a successful retirement plan so you will more easily secure a financially free future.
Wealth Inside and Out® Podcast: “Can You Retire on 1 Million Dollars?”
In this episode, you will learn:
>> (5:40) The real reason people run out of money in retirement
>> (10:20) Considerations before you move overseas in retirement
>> (13:53) The impact inflation has on your savings
>> (14:40) What would you need to account for if inflation were 3%
>> (15:52) Considerations before you move to a state without state income tax
>> (16:58) How to pay less tax in retirement
>> (18:51) Tips to create your spending plan
>> (19:59) The #1 reason you’ll likely need more money in retirement
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Conclusion — “Can You Retire on 1 Million Dollars”
Remember, every situation is different, and always consult a certified financial professional before making any decisions.
In this episode, we discussed the factors to consider when planning a retirement savings goal. I encourage you to review the information. Then, create a retirement plan that works for you and your situation.
Enjoy the episode.
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Disclosure
TheMillionaireInsider.com® copyrights all materials and intellectual property.
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 life,
Annette
