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Podcast: DIVERSIFIED GAME
Episode: Can You Retire on 1 Million Dollars in 30 Years or Are We Lying to Ourselves
Description: Can You Retire on 1 Million Dollars in 30 Years or Are We Lying to OurselvesOne million dollars sounds rich.But in 30 years, because of inflation, it may only have the buying power of about 400 to 500 thousand in today’s money. If you follow the traditional 4 percent rule, that gives you about 40 thousand dollars a year before taxes.The real question is not can you retire on a million.The real question is how do you want to live.Do you want freedom, travel, healthcare security, the ability to help family, invest in your church, support your community. Or are you pl...