How Much Income Will $1,000,000 Generate?

[@clo6647]

Excellent content. The best I've seen so far. Thank you so much.

[@Retirement121]

Glad you enjoyed it!

[@mozerm]

What a great video. Thanks for this thorough analysis.

[@nicklanfear4303]

People always spend more doing gogo early yrs, by 80s your car often gone, vacations over. Mom in 80s spends very little, so spend more early while your body allows it. If u go to a nursing home later, sell your property to pay for it.

[@potatochipz3097]

Great summary ! Super helpful & so detailed. Real world example with financial things to consider for retirement.

[@Hoser584]

What about a million no house and divorced

[@compendiousperspicacity]

Thanks

[@horatiu70]

Great video. I wish there was a third scenario where they would have a balanced growth portfolio with majority invested in equity portfolio and a two year income needs (say 140,000) left in cash like investments to weather market downturns. We could use the S&P 500 average return for the 860,000 invested in equity.

[@Retirement121]

Great idea for a future video.

[@slapstra1970]

great scenarios, video would benefit from using summary slides rather than bouncing around your software tables

[@rkw2917]

For me it generates exactly 59k per year

[@moniqued9715]

haha. I was happy with 100,000...east coast lifestyle works

[@kevinthailand2567]

Please do this for singles. And as most take their cpp at 60 regardless of advice, deferring to 70 is less than 2% of applicants so please throw that scenario away. Thanks

[@billyrock8305]

Singles examples needed! ✅ CPP and OAS @ 70 best bet (Breakeven is age 81.5)

[@Retirement121]

We do have other scenarios on the channel looking at singles. I totally agree that the default for the majority of people is to take the money and run when it comes to CPP. However rather than throwing the scenario away, maybe some financial education will help people reflect more deeply on their options.

[@billyrock8305]

@@Retirement121 I read that about 65% of viewers to retirement financial channels are singles. Divorced, never married, widowed or widower yet most of the examples presented are for couples. 🙈

[@James_48]

@@Retirement121you would think, but it seems many are easily swayed to not do what is in their best interest. I’ll be waiting for 70.

[@jaxwylde2139]

Great video. At the 5:15 min mark of the video, your software is showing that Ben has a CPP Benefit of $15,397 per year (or ~$1,283 per month). That number is 94% of the current CPP maximum ($1,364/month), yet your software (Snap P?) is showing 85%. I don't understand that discrepancy. 85% of current CPP max would be $13,912 ($1,159/month) and not $15,397 as is shown. Is that due to CPP enhancement (which would be odd, considering Ben wouldn't really have contributed to that, if he's 59 in 2024)...or am I missing something obvious?

[@Retirement121]

in the SNAP software it does make an assumption for enhanced retirement and survivor benefits that will be phased in up to the start date of CPP in the forecast.

[@jaxwylde2139]

@@Retirement121 Ok, thanks for the response. I guess that answers it, as he'd have a couple of years (since 2019) of enhanced CPP contributions until 2024 (his retirement year, in your example). Thanks again. Your content is very helpful.