Retiring With $1,000,000 By Age (Is $1M Enough?)

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 14 January 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We often hear how $1,000,000 isn't enough to retire on anymore. For some people, that might be true - $1 million might not be enough! In this episode we'll discuss whether or not $1,000,000 is enough by age, how much you need to save to get there, and how much you need to retire if $1 million isn't enough. Check out our website for more information. Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	is a million dollars enough for retirement.
0:03.3	It's Brian Preston, the money guy,
0:06.2	restoring order to your financial chaos, retirement,
0:10.1	investing, taxing.
0:12.0	You've got financial questions,
0:13.7	he's got financial answers.
0:15.6	It's Brian Preston, the money guy.
0:18.9	Brian, I'm excited about this show,
0:21.4	because I feel like we're going to have an opportunity to answer
0:24.5	the age old question that we get,
0:27.6	and all the trolls are going to be so excited,
0:30.4	because if you ask us the number one thing that we get,
0:32.8	like, hit on and pegged with and jabs thrown at us,
0:37.0	it's this idea around us trying to get people excited
0:41.1	about becoming millionaires.
0:42.5	And then they start,
0:43.2	I'm not a millionaires, not so good.
0:45.7	No, we're going to answer the question,
0:47.6	definitively, today is a million dollars enough to retire.
0:51.3	Yeah, I mean, you're right.
0:52.5	I feel like I have to pull a few arrows out every,
0:55.3	every so often, because people say,
	...

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