In this episode, Archie and Rob address the common question of how much money is needed to retire. They address the expectation it's a million dollars, emphasizing that the answer depends on individual circumstances. Archie and Rob discuss the concept of the safe withdrawal rate, which is the percentage of investment savings used for living expenses in retirement. They explain that finding the right balance is crucial to ensure the portfolio continues to grow while providing enough income for a comfortable retirement. They also caution against the dangerous mindset of feeling entitled to a certain lifestyle without proper financial planning.

This episode on YouTube: https://youtu.be/n0lXoR1fqbc

Listen in on conversations with Certified Financial Planners Archie and Rob Hoxton as they share weekly wisdom to help you retire and stay retired. Have you ever wondered what it will feel like when you get your last paycheck? Whether it's excitement, anxiety, or anything in between, this show is for you.

Visit: http://www.thelastpaycheck.com

If you'd like to chat with Rob or Archie further, please schedule a consultation: https://calendly.com/archiehoxton/last-paycheck-consultation