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. Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return. Paying Off a Credit Card Enter various payment options and determine how long it may take to pay off a credit card.