Blog: investments

Who Wants To Retire A Millionaire?

Everyone dreams about being a millionaire and there are a few million people who get lucky in their lifetime to actually see it in their bank accounts. The rest of us usually acquire about a million to two million dollars over the course of our lifetimes, but we don't actually see it, at least not in cash. Over time, we may have actually spent it on luxury and life so we never get to see it. However, we may also acquire it in real estate assets or in the stock market among other investments or inheritances. By the time we reach the age of retirement, between 62 - 70 years old, depending on how much you have in assets and savings, you could probably claim to be a millionaire.

Whether you choose to continue to live in your home and do a reverse mortgage or sell your house, mixed in with your social security and any other investments you have, you could probably liquidate your assets and turn it into a million dollars in cash. There are several reasons you would want to do this, but other reasons you probably should not. If you are a millionaire by the time you retire in cash, you will be very likely the one responsible for any and all healthcare concerns and needs.