Leave your feedback Share Copy URL https://gographicsoutput.com/video/IrHDnSEwsbG.html Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Schwab Wealth Survey [B0rVbywQrTz] Health Updated on August 06, 2026 EDT — Published on August 06, 2026 EDT Schwab’s latest Modern Wealth Survey found that Baby Boomers believe it takes $943,000 in net worth to be financially comfortable and $2.8 million to be considered wealthy. But does that mean you need nearly $1 million to retire comfortably? In this video, I break down why these headline net worth numbers can be misleading when it comes to retirement planning. I’ll walk through the factors that actually determine how much you need, including your spending, Social Security and pension income, retirement age, taxes, and where your assets are held. I’ll also compare two hypothetical households with roughly the same net worth but very different retirement outlooks to show why your retirement number needs to be based on your own situation, not a national survey. If you’re approaching retirement and wondering whether you have enough, this video will help you focus on the numbers that actually matter. Schedule a free call: My retirement planning checklist: ________________________________________________________ 🔗 Learn more or connect with me: Scott Caufield, CFA, CPA is an investment advisor and the founder of Sophos Wealth Management, LLC. Sophos Wealth Management, LLC is a registered investment advisor in Woodinville, Washington. All content is for educational purposes and should not be considered financial advice. Please consult appropriate tax, legal, or financial professionals before making any financial decisions. EJRqxfYps0m e8hghdv7MxQ Rf0CUEPpYZ7 N01pWtoX5gR rDiiwQJwRNL
Schwab’s latest Modern Wealth Survey found that Baby Boomers believe it takes $943,000 in net worth to be financially comfortable and $2.8 million to be considered wealthy. But does that mean you need nearly $1 million to retire comfortably? In this video, I break down why these headline net worth numbers can be misleading when it comes to retirement planning. I’ll walk through the factors that actually determine how much you need, including your spending, Social Security and pension income, retirement age, taxes, and where your assets are held. I’ll also compare two hypothetical households with roughly the same net worth but very different retirement outlooks to show why your retirement number needs to be based on your own situation, not a national survey. If you’re approaching retirement and wondering whether you have enough, this video will help you focus on the numbers that actually matter. Schedule a free call: My retirement planning checklist: ________________________________________________________ 🔗 Learn more or connect with me: Scott Caufield, CFA, CPA is an investment advisor and the founder of Sophos Wealth Management, LLC. Sophos Wealth Management, LLC is a registered investment advisor in Woodinville, Washington. All content is for educational purposes and should not be considered financial advice. Please consult appropriate tax, legal, or financial professionals before making any financial decisions. EJRqxfYps0m e8hghdv7MxQ Rf0CUEPpYZ7 N01pWtoX5gR rDiiwQJwRNL