Reported 7 months ago
Inflation has led to an increase in the overall cost of living, making it challenging for individuals to save for retirement. Despite the recent Consumer Price Index (CPI) report showing some easing in inflation, Yahoo Finance's Kerry Hannon advises Americans without employer-provided retirement plans to save consistently, even small amounts, into a Roth IRA. She cautions against taking loans from retirement accounts, as it hinders compounding growth. Expert insights and market updates can be viewed in the full Wealth! episode for further understanding.
Source: YAHOO