Manage episode 520801617 series 3322284
In this episode of A Wiser Retirement® Podcast, we discuss how $1 million has been the golden benchmark for retirement savings. But is this magic number still enough in today's economy?
Related Podcast Episodes:
Ep 276: How to Make Sure You're Ready for Retirement
Ep 217: What are the best and worst states to retire to?
Related Financial Education Videos:
Investing for Income vs Growth in Retirement: Finding the Balance
How to Estimate Your Tax Bill in Retirement
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This podcast was produced by Wiser Wealth Management. Thanks for listening!
Chapters
1. Is A Million Enough? (00:00:00)
2. Meet The Hosts & Thanksgiving Gratitude (00:01:16)
3. Millionaires: Net Worth Vs. Investable Assets (00:03:40)
4. What The Average Retiree Actually Has (00:06:25)
5. Defining “Enough”: Essentials Over Luxury (00:08:30)
6. The 4 Percent Rule And Flex Withdrawals (00:11:50)
7. Sequence Of Returns And Cash Reserves (00:15:00)
8. Ad Break: Annuities Buyer Beware (00:17:42)
9. Inflation Math And Purchasing Power (00:18:30)
10. Pensions, COLA, And Spreadsheet Traps (00:21:10)
11. Taxes, Roth Conversions, And Sources (00:23:10)
12. Healthcare Costs And Longevity Risk (00:26:00)
13. Lifestyle Creep And Spending Buckets (00:28:30)
14. Social Security Reality Vs. Fear (00:31:10)
15. Age Matters: A Million At 25, 45, 62 (00:33:00)
16. Saving Early, Compounding, And Kids (00:36:00)
17. If It’s Not Enough: Work, Delay, Audit (00:39:00)
315 episodes