Would You Rather Have $1 Million Or $700,000 In Retirement?
Imagine two retirement accounts sitting in front of you. One has $1 million, while the other has $700,000.
Which would you choose?
Most people immediately pick the $1 million account. It seems like the obvious answer. But there's one important detail missing from the comparison, and once you understand it, you may look at those two retirement accounts very differently.
Is the Bigger Retirement Account Always Better?
The size of your retirement account doesn't necessarily tell you the entire story.
That missing detail is at the center of one of the most reasonable objections people have about a Roth conversion, and it's an objection that can keep people from looking more closely at their retirement savings and available options.
Before deciding that the larger account automatically puts you in the better position, it's worth understanding the complete picture.
Rethink How You Look at Your Retirement Savings
In the latest video on The Retirement Architect, we explore the missing piece behind the $1 million versus $700,000 comparison and why it matters when considering a Roth conversion.
Head over to The Retirement Architect on YouTube to watch the full video and subscribe for more retirement planning insights. This one may change the way you look at your own retirement savings.
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We'd be happy to review your wealth management portfolio with you! Give Torres Wealth Advisors a call at (413) 348-6287 or visit torreswealthadvisors.com to learn more.
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