3286: I Have $1 Million and I Still Can’t Afford to Retire! by Kathleen Coxwell of New Retirement
Practical strategies that apply to both wealthy and average savers facing the same retirement anxieties
Optimal Finance Daily - Financial Independence and Money Advice · Optimal Living Daily | Diania Merriam
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Show Notes
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Episode 3286:
Kathleen Coxwell explores why even millionaires struggle with retirement security, revealing that a seven-figure nest egg often isn’t enough to sustain long-term quality of life. She outlines practical strategies, like extending work years, budgeting smarter, leveraging home equity, and optimizing income, that apply to both wealthy and average savers facing the same retirement anxieties.
Read along with the original article(s) here: https://www.newretirement.com/retirement/i-have-1-million-and-i-still-cant-afford-to-retire/
Quotes to ponder:
“One million dollars today is literally not what it used to be.”
“Reducing your future spending can dramatically improve your financial security in retirement.”
Episode references:
The Shockingly Simple Math Behind Early Retirement: https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
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