3286: I Have $1 Million and I Still Can’t Afford to Retire! by Kathleen Coxwell of New Retirement

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 17 September 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3286: Kathleen Coxwell explores why even millionaires struggle with retirement security, revealing that a seven-figure nest egg often isn’t enough to sustain long-term quality of life. She outlines practical strategies, like extending work years, budgeting smarter, leveraging home equity, and optimizing income, that apply to both wealthy and average savers facing the same retirement anxieties. Read along with the original article(s) here: https://www.newretirement.com/retirement/i-have-1-million-and-i-still-cant-afford-to-retire/ Quotes to ponder: “One million dollars today is literally not what it used to be.” “Reducing your future spending can dramatically improve your financial security in retirement.” Episode references: The Shockingly Simple Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:28.7	Indeed.com slash show.
1:31.2	Terms and conditions apply.
1:33.9	This is Optimal Finance Daily.
1:36.6	I have a million dollars and I still can't afford to retire by Kathleen Coxwell of
1:42.1	New Retirement.com.
1:44.7	If you think that with a million dollars in the bank, you would be on easy street when it comes to retirement, think again.
	...

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