Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week’s theme: Is $1 million enough for retirement? 

According to TD Ameritrade’s 2019 Retirement Pulse Survey, 58% of Americans surveyed think that $1 million will be enough for retirement? 

A million dollars is still a lot of money, and while $1 millon would have been more than enough for retirement for the vast majority of Americans 20 years ago, that’s not the case today. 

Which begs the question...Is $1 million saved for retirement going to be enough for you? Maybe it will, maybe it won’t. Maybe you’ll need much more than that to live a comfortable retirement. Maybe you’ll need much less. 

The answer depends mostly on your retirement spending & your other income sources. 

So this week I’ll be diving into how far you can stretch $1 million in retirement, to help you determine how much is enough in retirement for you. 

That’s it for today. But before you go...you probably know someone who is close to retirement and could benefit from listening to this podcast. If so, please share this podcast with them and encourage them to check it out by adding it to their flash briefing in Alexa or subscribing wherever they listen to podcasts!

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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