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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Dec 29, 2022

Having a million dollars saved for retirement isn’t providing the type of confidence that it used to for pre-retirees, and many people feel like they’ll need a little luck to be successful in retirement. Is that really the case and what’s a more realistic target number today? We’ll take a look at a recent article detailing the fears many Americans have and talk about how you can combat some of these worries.


Here’s some of what you’ll learn in this episode:

  • The key stats from this CNBC article that we want to highlight. (3:31)
  • The impact of inflation on the amount you’ll need to have saved. (6:34)
  • The reasons why you should pay attention to this article. (8:40)
  • Why the target of $1 million might not actually be meaningful for you. (12:27)
  • Ways that you can combat these fears. (17:49)
  • How we help clients understand how much they’ll need for retirement through income planning. (20:06)


Read the CNBC Article:

Additional link used on this episode:,ET.


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