Episode 124: 4 Retirement Numbers Savers Should Know

Welcome to the first episode of the Our 2 Cents podcast for 2023! We're excited to kick off our show with some exciting new topics.First, we're sharing four numbers to keep in mind as you plan ahead for the new year. Then we're looking at what retiring with $1 million could look like, and we round out the show with a couple listener questions. 4 Retirement Numbers Savers Should Know:What 25% represents...What happened in the year 1931...What you can do with $22,500...What 41.7 is the average of...24.5 Million Millionaires:With the cost of living increasing, $1 million is not what it once was.Why people are surprised by what 4% of $1 million is in retirement.Is $3 million the new $1 million?Listener Questions:"I turn 72 this year, so I'll have to start taking money out of my IRA, even though I don't really need it. Can I just take it out and reinvest it right back into something else?" - Ellen"Should I be doing anything besides 529 plans to save for my kids for college or is that still the best option?" - Matt