How Much Money Do You Need to Retire? Real Calls on Inheritance and Spending
A good financial plan isn’t just about retirement—it’s about how all the pieces of your financial life fit together. In this episode of Money Matters, Scott and Pat talk with a caller who already has about $2 million and expects a much larger inheritance—but still struggles to spend any of it. They walk through why that happens and how a financial plan can help ease into actually using the money.
They also take a call from a high-income couple earning around $600,000 a year. Even with strong savings, there are still areas being overlooked, so Scott and Pat explain what a complete financial plan should cover—from retirement to insurance to college planning—and where people often miss.
It’s a reminder that a financial plan isn’t just about how much you have—it’s how everything fits together.
What You’ll Learn:
• Why having millions doesn’t always make spending easier
• How to start using wealth without feeling uncomfortable
• What high-income families often overlook
• How to think about retirement when income is strong
• What a real financial plan actually ties together
Join Money Matters: Get your most pressing financial questions answered by Allworth's co-founders Scott Hanson and Pat McClain live on-air! Call 833-99-WORTH. Or ask a question by clicking here. You can also be on the air by emailing Scott and Pat at questions@moneymatters.com.
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