Knoxville Financial Q&A Episode 13 | Can I Retire at 60 With $1 Million?

*Can you retire at 60 with $1 million saved? The answer might be yes—but the amount you've saved is only part of the equation.* In this episode of the Knoxville Financial Q&A Show, Paul Ragone and Brian Duncan of Integrity Wealth Services discuss the factors that can determine whether $1 million is enough to retire at age 60. Your retirement lifestyle, other sources of income, pension benefits, Social Security, health insurance, taxes, housing costs and investment risk can all affect how long your retirement savings may need to last. Paul and Brian also discuss: Why $1 million doesn't mean the same thing for every retiree How your desired retirement lifestyle affects the answer Pensions and other sources of retirement income The gap between retiring at 60 and becoming eligible for Social Security and Medicare Health insurance before Medicare Sequence-of-returns risk How much investment risk may still be necessary in retirement Mortgage and housing considerations Planning for a surviving spouse Roth conversions and strategic IRA withdrawals Required minimum distributions (RMDs) Long-term care considerations Why retirement planning is often more about *income* than reaching a particular account balance The better question may not be, *“Is $1 million enough to retire?”* It may be: *“Can my income and assets support the retirement lifestyle I want?”* The Knoxville Financial Q&A Show is an educational video series from Integrity Wealth Services in Knoxville, Tennessee. Paul and Brian answer real questions about retirement planning, investing, Social Security, taxes and other financial decisions. Have a financial question you'd like Paul and Brian to discuss in a future episode? Visit *IWS.ONE* and send us your question. *Integrity Wealth Services* Knoxville, Tennessee 865-342-7766