Reported 4 months ago
A 51-year-old individual, earning $80,000 a year and inheriting $170,000, seeks advice on maximizing retirement savings after settling debts, renovating their home, and setting up an emergency fund. With about $90,000 left, considerations include diversifying investments, possibly through target-date funds for retirement, examining IRA and brokerage account options, and paying attention to fees and asset allocation to ensure long-term growth. The importance of starting early and avoiding excessive checking of investment accounts is emphasized for optimal results.
Source: YAHOO