Congratulations! You finally reached it, millionaire status. For many retirees reaching the point where you have over $1 million of investments is quite an accomplishment.
Many people work decades saving and scraping along the way and don’t reach this milestone but you got there and you’re on cloud nine because the sky’s the limit.
That was the case when we encountered a potential new client. This individual had accumulated over $1 million of investments and he was ready to call it quits.
He became disenchanted with his current job and looked forward to the next chapter of his life, retirement.
He felt confident with his financial situation and was just waiting for the green light from us to tell him the good news.
Unfortunately, he didn’t get it.
Not even close.
Not only did we tell this optimistic, soon to be retiree that he couldn’t retire with his $1 million, we told him the exact same thing over a year later.
Why exactly did we tell this investor who had over $1 million in his retirement portfolio that he couldn’t retire? Find out on the latest podcast episode.