Feb 27, 2020

One of the most common questions people ask as they near retirement is whether or not they can afford to retire on a million or two million dollars anymore.(?) With stocks near all time highs and bonds at all time lows, it is actually a very good question with a mathematical basis. The crash of 2008 taught millions of retiring engineers, teachers, and other professionals a costly lesson—ten YEARS of market gains were gone in just a few WEEKS of market losses. There are now over fourteen million households in America with a million dollars or more.  A million is a nice sum of money, but unless you properly diversify, allocate, and preserve it, it can be frittered away by a combination of bad markets, income withdrawals, RMDs, taxes, fees, and poor timing. Today, we'll do the math for you and Steve will lay out a clear strategy to help you retire and STAY retired!  Don't miss it...MASTERING MONEY is on the air!!!