You’ve Been Told to Save $1M to Retire – But Here’s the Problem - Cravitz Financial & Insurance Solutions

You’ve Been Told to Save $1M to Retire – But Here’s the Problem

You have probably heard the rule of thumb that you need $1 million to retire. The problem is, that number is both too simple and often misleading. Depending on your lifestyle, income needs, taxes, and healthcare costs, $1 million could be far more than you will ever need or it could fall short.

In this video, I explain why the “magic number” does not work and what you should focus on instead. You will learn how to define your retirement number based on income, spending needs, taxes, and timing so your plan is built around your life, not just a round figure.

Because retirement planning is not about hitting a balance in your account. It is about creating steady income you can count on and a strategy that gives you the freedom to enjoy retirement with confidence.

News You Can Use

Get actionable financial advice delivered to your inbox a few times a month.

Leave a Comment:


CONTACT

500 N. State College Ste 1100
Orange, CA. 92868
1-714-462-9155
Ryan@CravitzFinancial.com

Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Cravitz Financial & Insurance Solutions are independent of each other. The content of this website is provided for informational purposes only and is not a solicitation or recommendation of any investment strategy. Investments and/or investment strategies involve risk including the possible loss of principal. There is no assurance that any investment strategy will achieve its objectives. Registered Investment Advisors and Investment Advisor Representatives act as fiduciaries for all of our investment management clients. We have an obligation to act in the best interests of our clients and to make full disclosure of any conflicts of interest. Please refer to our firm brochure, the ADV 2A item 4, for additional information. Information provided is not intended as tax or legal advice, and should not be relied on as such. You are encouraged to seek tax or legal advice from an independent professional.  Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents.  CA Insurance License #0C86000.

Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company and are not offered by Brookstone Capital Management. Index or fixed annuities are not designed for short term investments and may be subject to caps, restrictions, fees and surrender charges as described in the annuity contract. Ryan Cravitz and/or Cravitz Financial and Insurance Solutions are not affiliated with or endorsed by the Social Administration or any other government agency.

Copyright © 2025 Cravitz Financial & Insurance Solutions | 123RF.com | Privacy Policy