I Have $1 Million. Am I Good to Retire Now?

I Have $1 Million. Am I Good to Retire Now?

Key Points A million dollars is a lot of money, but not necessarily enough for retirement. You have to consider the income your $1 million can provide for you. Make sure you have enough to live on when factoring in Social Security benefits and investment income. Do you have enough money to retire? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, an…

How much money do you need to retire? The magic number for most Americans

Dreams and great expectations often have no basis in reality, especially if those who speculate rely on the coldness of numbers, but that is why there are studies in practically al

Want to build a million pound SIPP within 25 years? Here’s how!

The idea of retiring as a millionaire has its own appeal, in terms of financial security, even if one does not necessarily want a champagne-quaffing lifestyle. But is it really possible to turn a Self-Invested Personal Pension (SIPP) from having nothing in it to boasting a seven-figure valuation in just 25 years? Yes, it is. Here’s how. How to aim for a million The growth (or lack of it) in a SIPP can be worked out fairly easily. How much you pu…