Are you on track for $1M?

Good afternoon. Today's issue is a good reminder that every so often it's worth pulling out a calculator and checking your retirement numbers.

On The Money Today:

Let's get into it.

A recent government announcement had seniors bracing for a hit to their prescription drug budgets, and premiums probably will creep up. But a separate protection, one that already ended the days of paying full price after a coverage gap, is staying put. Here's what still has your back and where the real cost increase is likely to land.

Running out of money is one of the most common retirement fears out there, more common even than the fear of dying, according to one study. But sometimes the math says you're fine and the fear shows up anyway. One advisor walked through exactly what it takes to get a reluctant saver to finally believe her own numbers.

Headlines love to call boomers the wealthiest generation ever, and on paper the numbers back that up. But the typical senior household is worth a lot less than the averages suggest, and plenty have nothing saved at all. The seniors who did cross into seven figures mostly didn't do anything flashy to get there.

INVESTING: Rich, young Americans are keeping just 25% of their portfolios in stocks, and putting the rest into gold, real estate and art instead

NEWS: A Michigan woman thought she'd donated $50 at Walmart, then a scam called ghost tapping charged her $1,000 instead, here's how to spot it before you tap

RETIREMENT: Some families are spending as little as $39 a month on aging-in-place tech instead of a $10,000 assisted living bill, but experts warn not all of it earns its keep

INVESTING: France quietly swapped old gold bars for new ones and walked away with a $15 billion profit, and central banks doing the same could be a signal for your own portfolio

The answer is C) 90% — according to a Wealth Enhancement survey, 9 in 10 retirees say they don't regret the timing of their retirement, and a third say retirement turned out even better than they expected.