You Have $2 Million Saved — So Why Does Retirement Anxiety Still Keep You Up at Night

Only 27% of workers feel "very confident" they can retire comfortably — and having $2 million saved doesn't automatically fix that. Mark Fonville, CFP® breaks down the four psychological gaps keeping affluent pre-retirees frozen and the framework Covenant uses to replace retirement anxiety with a decision-ready plan. 👉 FREE: Download our 15 Retirement Planning Checklists — the ones we use with clients → https://www.covenantwealthadvisors.co... 🗓️ Prefer to talk now? Free strategy session: https://www.covenantwealthadvisors.co... Check out our Covenant Wealth Advisors Youtube Channel → / ‪@covenantwealthadvisors‬ ======================= This video answers: why am I still afraid to retire even with $2 million saved? Retirement anxiety among high-net-worth pre-retirees rarely stems from insufficient savings — it stems from the absence of a system. This video introduces the Retirement Anxiety Reduction Map, a four-part framework for individuals with $1 million to $10 million who have the resources to retire but lack confidence to act. It starts by calculating a reliable income floor from Social Security, pensions, and annuities, then isolates the gap between essential spending and guaranteed income. For the hypothetical couple profiled here, $2 million requires roughly $62,500/year from their portfolio — a 3.12% pre-tax withdrawal rate surviving over 95% of stress-tested scenarios. The video covers spending guardrails for market drawdowns and a trigger-date calendar mapping Roth conversion windows, Medicare enrollment at 65, Social Security optimization, and RMD start dates at 75. In 2026, the Part B premium is $202.90/month, with IRMAA surcharges at $109,000 single / $218,000 joint MAGI. 📌 Key Takeaways: -Retirement anxiety for affluent pre-retirees is driven by the absence of a decision system, not an insufficient portfolio balance. -A 3.12% pre-tax withdrawal rate on a $2 million portfolio survives over 95% of historical and projected scenarios. -The number that matters most isn't total savings — it's your gap, the difference between spending and guaranteed income. -The years between retirement and age 75 (when RMDs begin) are the highest-leverage window for Roth conversions and tax optimization. -Spending guardrails replace emotional reactions with pre-decided rules for market drawdowns. 👉 WORK WITH US - https://www.covenantwealthadvisors.co... Book your free strategy session to explore how we can help you retire with more confidence, less stress, and more time. 📋 About Covenant Wealth Advisors: Covenant Wealth Advisors is a fee-only, fiduciary registered investment advisory firm serving retirees and pre-retirees across 22+ states. We specialize in retirement income planning, tax optimization, and investment management for individuals and couples with $1 million or more in investable assets. Retirement income planning. Tax planning. And investment management. Planned as one. 📍 Offices in Richmond, VA and Reston, VA 🌐 https://covenantwealthadvisors.com 📞 (804) 238-2459 ⚠️ Disclosures: This video is for educational and informational purposes only and should not be considered investment, tax, or legal advice. The information presented is based on current laws and regulations, which are subject to change. Every individual's financial situation is unique — please consult with a qualified financial advisor, tax professional, or attorney before making any financial decisions. Covenant Wealth Advisors (d/b/a Fonville Wealth Management LLC) is a registered investment advisor. Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. All investing involves risk, including the potential loss of principal. For more information, visit https://covenantwealthadvisors.com or review our Form ADV at https://adviserinfo.sec.gov. Tax planning strategies discussed in this video are general in nature and may not be appropriate for your specific situation. Tax laws are complex and subject to change. We recommend consulting with a qualified tax professional before implementing any tax strategy. Retirement income projections are hypothetical illustrations and do not guarantee future results. Actual outcomes will vary based on market conditions, personal spending, health, longevity, and other factors. Medicare and IRMAA information is based on current CMS guidelines and is subject to annual adjustments. Consult Medicare.gov or a licensed insurance professional for current rates and eligibility.