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How Much Money Do You Need to Retire Comfortably?
Manage episode 420667041 series 3428540
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How much money does it take for you to retire in comfort? Is it $1 million? $2 million? Far more than that? Far less? Large investment firms and many media outlets often throw out big "retirement" numbers based on small surveys they took of people who may or may not have any clue about how much money they actually need.
But it's a fair question. And it's one that everyone should be asking themselves, especially if they're within 5 to 10 years of actually retiring. But if everyone's circumstances are different, how do you know how much is potentially enough for you?
Podcast host Johnny Dean and "Professor" Rick Plum, CFP® analyze this important question and provide you with some vital suggestions on how to answer it on this week's episode of Managing Your Financial Future!
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