You Need $1.27 Million to Retire Comfortably. How much do you really need to retire?

According to a 2023 survey, Americans believe they will need $1.27 million to retire comfortably. In this show we discuss whether or not this is a realistic number. We also discuss how one should begin to determine how much they will need for retirement. Learn how you may be approaching this age-old question from the wrong direction.
PLANNING & PROGRESS STUDY 2023 - Northwestern Mutual news.northwest...
Dolphin Financial Radio is a fun and informative podcast on retirement planning issues. This is not financial advice. Please seek professional guidance before implementing these ideas or strategies:
www.dolphinfinancialgroup.com
Investment advisory services offered through Dolphin Wealth Management Inc., a Registered Investment Advisor in the state of Florida. Insurance products and services are offered through Dolphin Insurance Inc., Dolphin Wealth Management Inc, and Dolphin Insurance Inc. are affiliated companies doing business as Dolphin Financial Group.
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[@toddmick8563]

Great commentary and thanks for the reminder that your mortgage free home can provide cash flow in retirement!

[@Dolphinfinancialgroupfl]

Many people forget that their home can be a huge source of retirement income. Maybe they view it as an untouchable asset.

[@cheryls832]

For 1 or 2 people?

[@marianrosin6486]

But you never said what amount it would be good to have. 😄

[@Dolphinfinancialgroupfl]

The answer is...42

[@marianrosin6486]

@@Dolphinfinancialgroupfl Just $42 (in which case I think you're kidding) or $42000 (which might also be a joke)?

[@Dolphinfinancialgroupfl]

@@marianrosin6486 42 was meant as a joke (referencing The Hitchhiker's Guide to the Galaxy). The amount needed is highly dependent on each situation, which is the main point of this podcast.

[@BuddyDog9267]

Where da chick on cover?😢