Here’s why everything changes once you’ve hit $2M for retirement (and not for the better). Can you protect your riches?

If you have $2 million in retirement savings, congratulations. That’s well above the $1.26 million that Americans, according to Northwestern Mutual, believe is needed to retire comfortably. (1) At this point, you have probably overcome the challenge of saving enough. Now, your next mission is wealth preservation. Higher taxes and the wrong lifestyle choices can quickly erode what seems like a huge treasure trove. Shifting your perspective from building wealth to protecting it isn’t easy. But the journey ...