6/8/2013 – For Retirees, a Million-Dollar Illusion

A million dollars isn’t what it used to be.

Still, $1 million is more money than 9 in 10 American families possess. It may no longer be a symbol of boundless wealth, but as a retirementnest egg, $1 million is relatively big. It may seem like a lot to live on.

But in many ways, it’s not.

Read the full article at  The New York Times.