Reported 12 days ago
Planning for retirement often feels daunting, with many Americans under-prepared for financial security. To be considered a wealthy retiree, experts recommend having at least $1 million in retirement assets, but the average American only has about $88,400 saved. Factors like lifestyle expectations, healthcare costs, and inflation will influence the amount you need. Starting early, maximizing contributions, diversifying investments, and living within your means can help build a substantial nest egg for a comfortable retirement.
Source: YAHOO