Is a Million Dollars Enough to Retire?

Retirement Talk Podcast with Laura Stover

English - March 31, 2021 18:16 - 28 minutes - 39.2 MB - ★★★★ - 38 ratings
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Previous Episode: How 10 Types of Retirement Income Get Taxed

Next Episode: Why 50% Probability Of Success Is Actually A Viable Monte Carlo Retirement Projection

Are you scared of outliving your retirement and savings? Many retirees have that same fear, so it’s important to understand how your retirement withdrawals will work for you. One million dollars is the amount most will tell you to save for retirement, but is that enough?

A few considerations to account for include your withdrawal rate, tax impact, and diversification of your investments. In this episode, listen in as we discuss how you should consider planning for your future and the details you need to be looking into regarding your retirement.

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Show Notes

Intro (:00 – :40)

Subscribe to Weekend Reading (:50)

This Week’s Article: Is One Million Enough to Retire?

Financial Experts Recommend 1-1.5 Million (2:24)

How Much Do You Need In Retirement? (3:16)

10,000 Baby Boomers Turn 65 Every Day (4:31)

Single Greatest Retirement Fear: Outliving Savings (5:25)

Withdrawal Rate Recommendations (6:18)

Tax Impact on Your Retirement Nest Egg (8:00)

Importance of a Comprehensive Income Plan & Team Approach (9:40)