Reported 1 day ago
Financial expert Suze Orman asserts that by age 67, individuals should have saved tenfold their annual income for retirement, highlighting that many Americans are falling short. In a podcast discussion, Orman revealed that 75% of Americans lack enough savings for emergencies, and current retirement savings are alarmingly low compared to the estimated need of $1.46 million for comfortable retirement living. She encourages increased contributions to retirement accounts and offers practical tips to improve financial readiness, including investing in IRAs, regularly reviewing investment portfolios, and assessing personal budgets.
Source: YAHOO