Financial expert Suze Orman delivered a reality check that many Americans need to hear during a recent episode of her show. When a 53-year-old caller named Kathy asked if her husband could retire at 62, Orman’s analysis revealed a shocking truth that applies to countless retirees. Find Out: 6 Key Signs You’ll Run Out of Retirement Funds Too Early Read Next: 10 Unreliable SUVs To Stay Away From Buying The Million-Dollar Illusion Kathy and her 58-year-old husband seemed financially secure on paper. With ne ...

Retirees are encouraged to have somewhere in the ballpark of $1 million in retirement funds by the time they retire, with the expectation that those funds, plus Social Security, will be enough to get you through your golden years. Find Out: I Asked ChatGPT Where To Retire on $2,000 a Month: Here’s What It Said Read Next: 5 Types of Cars Retirees Should Stay Away From Buying While a cool million sounds pretty good, depending on where you live, that money can burn up quicker in some states than in others. ...