1,000,000 is TOO MUCH saved for retirement

Reverse this assumption. A financial advisor breaks it down and explains when 1,000,000 in retirement savings is just TOO MUCH money. I think we all wish we had this problem!

00:00 presentation
00:27 1M leads to a BROKEN retreat
01:04 Most people retire with well under a million retirement accounts
01:40 When is 1M in a retirement account too much
03:19 What advice would I give to a 47 year old with a retirement account balance of 1 million?
03:42 A good problem to have….
04:14 Getting into the mechanics of this “problem”
04:55 You must be under 50 years old
05:14 You work for a company with a solid retirement/adequacy plan
05:45 Plan for long-term care
06:29 No inheritance problem
07:02 YES PENSION!!!
07:34 Frugal living
07:54 Working until age 67
08:18 Become a homeowner before you retire
08:24 ROTH
08:32 It's rare that people do that!
09:07 Income-generating assets
09:21 We financial advisors don't really talk about it
09:37 Why not let them go full throttle for another 20 years?
10:32 A rich man's secret….
11:32 Financial planning works with nuance!

Please take the opportunity to connect and share this video with your friends and family if you find it useful.