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 Message Thank you! Oops! Related Content Do Our Biases Affect Our Financial Choices? Even the most seasoned investors have biases affecting their financial choices. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Leaving Your Lasting Legacy Want to do more with your wealth? You might want to consider creating a charitable foundation.