What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Share | Have A Question About This Topic? Name Email Address Question Thank you! Oops! Related Content Financial Hacks for Millennials: 5 Ways to Manage Finances De-stress money management in your household with a systematic approach. Paying Tax Later Doesn't Always Mean Paying Less 401(k) savings are taxed as ordinary income when funds are withdrawn. Social Security: Maximizing Benefits There are other ways to maximize Social Security benefits, in addition to waiting to claim them.