Episode 134: Is $1Million Enough to Retire
KPC Smart Money
English - January 04, 2024 15:08 - 11 minutes - 16.2 MBInvesting Business Management management market personalfinance safety security stock wealthmanagement advisor annuities annuity Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 133: Avoid Christmas Overspending
Have you heard the saying "If you have a million dollars saved in retirement, and just withdraw 4% you can retire"? Today we talk about how that doesn't always work. The key to retirement is spending. And you want to have enough to cover not just your retirement budget but also your fun stuff, health care, taxes, lifestyle, and downturns in the stock market. So, what do you really need? Call us for a complimentary Retirement Blueprint.
Key Points:
What is your spending? Do you have money set aside for fun and lifestyle? Do you have tax free income in retirement? What about increasing health care costs as you get older?