Can you retire on $1 million?

With all the hard core investing and retirement planning info in this blog it’s time for a bit of humor, courtesy of John Waggoner of USA Today. “If you read any financial advertising, you know that your savings are
inadequate, and you’re likely to freeze to death in the dark a few weeks
after retirement. For this reason, most Americans’ retirement planning
involves keeling over at their desks, or, failing that, starting a
bomb-disposal unit as a retirement business.” Waggoner goes on to explain some basic concepts essential to understanding the draw-down process of living on your nest egg in retirement and the importance of Social Security. Enjoy learning from his excellent writing: