Reported 1 day ago
A recent survey reveals that many Americans believe they need $1.26 million to retire comfortably, but only 4.6% of households actually reach this figure. The median retirement savings is just $88,000. To enhance the likelihood of hitting the million-dollar mark, experts suggest three key strategies: save aggressively (aim for at least 10% of income), adopt a disciplined investment approach, and work towards eliminating debt, as nearly half of seniors grapple with credit card debt.
Source: YAHOO