Reported about 7 hours ago
Financial expert Suze Orman emphasizes that merely having a substantial net worth, like $1 million, doesn't guarantee a secure retirement. In a recent show, she provided a sobering analysis for a couple with high expenses exceeding their income, highlighting that essential steps such as eliminating housing debt, establishing legal protections, securing long-term care insurance, maintaining sufficient life insurance, and delaying retirement are crucial for true financial security. Orman's conclusion? A realistic evaluation of income versus expenses is vital before considering retirement.
Source: YAHOO