It’s Sunday, which means...It’s recap time! This week, we looked at whether or not $1 million is going to be enough for a comfortable retirement. Perhaps not surprisingly, the answer to that question depends on a lot of factors - primarily your other income sources, your income needs, taxes, how long you’ll live, and how your portfolio is invested. 

In each episode this week, we looked at each of these factors in more details to help you determine how much is enough for retirement. Maybe it’s around $1 million. Maybe it’s much more, maybe it’s much less. 

Hopefully, I gave you some useful tools this week to determine how much is enough in your situation. 

Tomorrow, we are starting a brand new theme that’s a continuation of this week’s theme: how to become a millionaire. I’ll talk about the habits and traits of millionaires that can help you better manage your money and make better decisions. 

And if you haven’t already, be sure to check out my YouTube channel - True North Retirement, where I cover a wide variety of retirement planning topics - everything from whether or not you should pay off your mortgage before you retire to understanding the lifetime gift tax exclusion to inherited IRA rule changes for 2020. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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