Is It Still Possible To Retire With 1 Million?

[@memphistnliving]

Media. Home price in Tennessee is 365000 I’m realtor and live in Memphis Tn suburb we find good homes less than 300 k in this specific location😂

[@OnCashFlow]

In East TN, the median is more affordable, especially if you are willing to make some cosmetic improvements to older properties!

[@memphistnliving]

@@OnCashFlow Can you share details on specific locations if any?? Are you able to rent these homes I mean job opportunities tenant availability etc??

[@OnCashFlow]

@@memphistnliving Tri-Cities area, Yes, there are some good employers in the area: hospitals, university, manufacturing, etc.

[@paulacesana8439]

On Roth, I’m already net of tax. However, on the traditional, I still have to pay tax when I withdraw, correct?

[@memphistnliving]

Traditional if within deduction limits no I believe may be Zach can explain better

[@garyherington2595]

Yes Traditional will be added to your income and you will be taxed accordingly.

[@OnCashFlow]

Correct, T-IRA withdrawals are taxed as ordinary income.