Do You Really Need $1 Million to Retire? 4 Retirement Myths to Rethink
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Do You Really Need $1 Million to Retire? 4 Retirement Myths to Rethink
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How much money do you need to retire? Will your taxes go down, and will you really spend less once you stop working? Those familiar assumptions could leave gaps in your retirement plan.
Greg and Kristen Taylor of Legacy Retirement Group in Columbus, Ohio, unpack four common retirement myths, including the belief that strong investment returns mean your retirement is on track. Hear how two retired teachers’ pensions changed their savings needs, why required minimum distributions (RMDs) can complicate your tax picture, and how more free time can mean more spending.
Whether you’re approaching retirement or already there, learn why your income sources, lifestyle, taxes, and risks tell you more than a savings milestone alone.
Have questions about your own retirement? Connect with the team at LegacyRetirementGroup.com.
See omnystudio.com/listener for privacy information.
