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 When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. College Savings with Life Insurance How can Life Insurance play a role in your college savings strategy? A Home Insurance Claim: To File Or Not To File Learn when it may not make sense to file a claim on your home insurance.