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Is $1 Million Enough to Retire?

One of the most common questions pre-retirees ask when considering retirement is, “Is $1 million enough to retire?” Today, we are discussing opinions and the facts that you need to consider when answering this important question accurately. ★★ In this episode, you will learn: (2:21) The critical million-dollar questions you need to ask (5:18) What is the magic number? (5:43) The biggest takeaway when planning your retirement (12:33) Tips for creating a spending plan that works (15:20) Resources to create a successful retirement plan (18:50) Ways to create additional income Determining how much money you need to retire is critical. And most retirees spend too much time worrying that they may outlive their money. Today, we break it down so you can create a plan that reduces the chances you will end up in the broke category in retirement. Enjoy the episode. ★★LINKS REFERENCED IN THE SHOW: The Retirement Planning Checklist: https://themillionaireinsider.com/rpc Request Support from our Team: https://themillionaireinsider.com/sr Get your Free Financial Checkup: https://themillionaireinsider.com/fc ★★SHOW NOTES & LINKS: Show notes and more information: https://themillionaireinsider.com/133 ★★RESOURCES Ep 81: “Is $1 Million Enough to Retire?”:    • Is $1 Million Dollars Enough To Retire?   Ep 83: "Are You Hooked on a Dopamine Loop?":    • Are You Hooked on a Money Dopamine Loop?   Ep 76: “How I Am Investing My Money and Retirement”:    • How Am I Investing My Money and Retirement...   ★★CONNECT with The Millionaire Insider® and Annette Bau, CFP® LinkedIn:   / annettebau   Instagram:   / themillionaireinsider   ★★ABOUT Hi, it's Annette Bau, CFP® and host of The Millionaire Insider® Channel. For over 35 years, I have been advising and researching millionaires to determine what those with extraordinary lives do differently. In The Millionaire Insider® episodes, you will learn practical, easy-to-implement ideas and strategies for winning in business, life, and money and creating a financially secure life you love. #retiresavings #retirementgoals #retirewithmoney ★★JOIN THE CONVERSATION Thanks for listening! In the comments section, please share your biggest takeaways and other Millionaire Insider® secrets you would like to learn. ★★LEGAL DISCLOSURE & COPYRIGHT This video is for informational purposes only. We do not provide financial, legal, or healthcare advice. Before implementing any changes, please consult a qualified financial, legal, healthcare, or other expert to review your situation. This video is the property of MillionaireSeries.com®. All international copyrights are reserved. You cannot use this video footage without written permission from MillionaireSeries.com®. This information is for educational purposes only and is not intended to provide financial, investment, or planning advice.