Retiring With $2 Million? Here's How That Could Get Whittled Down to $0.
You might think you're set for life, but bad luck and poor choices could come back to bite you.
Overview
If you're retiring with $2 million, you might assume that you're all set money-wise. After all, that's a boatload of money. And given that many people retire with almost no savings, you should feel pretty confident in your financial situation.
But while retiring with $2 million does put you in a very strong position, it doesn't guarantee that your money will last as long as you need it to. Believe it or not, even a $2 million portfolio could end up getting whittled down to $0 if you aren't careful.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.