The article states, "10 to 12 years ago, when people earned a lot more on their investments, $1 million could generate $70,000 to $80,000 a year in retirement income. It occurs to me that these people who feel financially "insecure" at a net worth of $2-3 million could easily live off the interest of their wealth in this area. An investment .... "/>

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$2 million is a lot of money. But let’s face it, it’s not as much as it was a decade ago. So when a hopeful retiree approaches me with a nest egg worth $2 million and wants to know if they. Living Expenses. To live off the interest from a million dollars, you’ll need to budget. The federal poverty line for a single person is $12,880. So, based on current rates of return, this plan is not feasible unless you have other supplemental income. However, if you’re hell-bent on living off your interest, then you might want to consider.

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