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 Infographic: 2019 Taxes by the Numbers Here are the official tax numbers for 2019. Diversification, Patience, and Consistency Three important factors when it comes to your financial life. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.