What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Related Content The Latte Lie and Other Myths Check out this video to begin separating fact from fiction. The Pros and Cons of an NUA Strategy Learn the advantages of a Net Unrealized Appreciation strategy with this helpful article. Split Annuity Strategy Here's one strategy that combines two different annuities to generate income and rebuild principal.