Co-produced by John Windelborn
We recently were reminded of the anxiety that retirees and others face when planning for the end of the working days while reading this article from CNBC. In it, they looked at how long $1 million dollars would last in a variety of high-cost of living environments. The $1 million was assumed to be invested in the broad market and periodically withdrawn to cover expenses. Unsurprisingly, places like San Francisco and Manhattan had savings last 12 and 10 years, respectively.
This style of retirement investing may be simpler for the passive