I am approaching retirement with $1 million. Can we live off $90,000 per year?
As a financial advisor, whenever I’m asked a question like this, my mind floods with a list of questions for more clarification. At first glance, the question seems straightforward. However, the answer is nuanced and requires several layers of analysis. First, you must know if the $90,000 per year, or other hypothetical dollar amount, is…