Financial Insanity 3-30-24: Will You Have Enough Income in Retirement

This is Financial Insanity w-Scott McLean.  Today's show is will you have enough income in retirement.  Many people aren't investing enough to reach their savings goal and the income it brings. To evaluate whether your nest egg will be enough, Scott says you should begin by estimating your retirement expenses.  These important questions must be considered: How much income will you need to retire? What's enough savings?  How much should you have in your 401k?  Is over a million dollars enough to retire?  There are factors to consider as well like social security changes, inflation, taxes and the standard of living.