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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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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