What Can a Million Dollars Buy You? $1 million in a diversified portfolio could help finance part of your retirement. Share | Related Content The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system. 5 Smart Investing Principles Principles that can help create a portfolio designed to pursue investment goals.