The following is an excerpt from a recent article, titled, For Retirees, a Million Dollar Illusion, that appeared in the New York Times, Your Money section. Anytime there’s an article that discusses your ‘number’ needed for a safe and secure retirement, I’m hooked.
The article drew so much attention and received so many follow-up comments that the author actually wrote a follow-up to his original article. I encourage you to read the original article in full as well as the follow-up and see for yourself if $1 million is enough to safely retire.