If you’re on track to accumulate the oft-recommended goal of $1 million in retirement savings, there’s some potentially discouraging news: some financial advisers argue that a nest egg of $1 million is no longer sufficient, with one adviser cited in today’s article declaring that “The new rule of thumb is $3 million.” Why is this new $3 million savings target “simply a matter of mathematics” – and what does it take to achieve it? CLICK HERE.
If you’ve been extremely diligent and managed to save $1 million for retirement, how can you best make that $1 million last for a 30-year retirement? Today’s article outlines four different strategies (two conservative approaches and two moderate approaches) to do just that, with two of the strategies involving drawing down that $1 million nest egg over 30 years and the other two strategies preserving all $1 million for the entire 30 years. For more, CLICK HERE.