Learn from our experienced advisors on a range of financial topics. Get insight on the latest market trends.
Wherever you choose to retire, the reality is that you’re not bound to stay there forever — and there can be some very good reasons to relocate as you enter different phases of your retirement. If you know what to consider when it’s time to make a move, you can make a more informed decision and a much better choice.
A million dollars used to be the ultimate target for retirement portfolios. Retiring as a millionaire brought status and confidence that you could live comfortably during your golden years. If you retired with $1 million in 1970, you probably wouldn’t have to worry about your nest egg running out, even with a lavish lifestyle. It would be like retiring with over $7.8 million today.1 Retire with $1 million in the ’80s, and it would be like retiring with over $3.7 million in 2023. And in 1990? A cool $1 million would go twice as far as it does these days.1
Clearly, $1 million doesn’t go as far as it used to. Just how far will it go these days?
Where do you keep your most important financial records and documents? Do you know exactly where everything is? Those may sound like silly or simple questions, but the reality is it can be challenging for any of us to keep track of everything in our financial lives. And it can be really easy for clutter to build up — especially if we’re ignoring it.
