Episode 134: Is $1Million Enough to Retire

KPCSmartMoney

Jan 4 2024 • 11 mins

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?