Straight To The Point:
How much money do you need to retire?
It’s almost always one of the first questions we hear from people, but there’s never one answer that covers everyone. It all depends on a number of factors and we’ll talk about some of those today on the podcast using a recent Yahoo! Finance survey.
This survey took a look at how long a million dollars would last in retirement depending on where you lived, and it was based on annual expenses. A lot of people think that a million dollars will cover them in retirement, but this survey will open a lot of eyes.
Listen to the full episode using the audio player above or click on the timestamps below to skip to a particular topic.
2:38 – Details on the Yahoo! survey
6:14 – Annual expense measurement
8:56 – How much our average clients spends every year
10:36 – How many years should you plan for in retirement?
***Click the box to get it!
Many of our clients ask about annuities and whether they’re a good option to create income in retirement. If you’re in that same position, you’ll want to hear our detailed breakdown of this product, the pros and cons, and who would be a good fit for an annuity.