Is 2021 Your Year to Claim Social Security? news8000.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news8000.com Daily Mail and Mail on Sunday newspapers.
WKBT
May 1, 2021 7:00 AM newsfeedback@fool.com (Christy Bieber, Maurie Backman, and Katie Brockman)
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May 1, 2021 10:43 AM
Retirement should be one of the best times of life. Unfortunately, many seniors are left facing regrets that affect their ability to enjoy their later years.
Of course, it’s not always possible to do everything perfectly to set yourself up for a secure retirement since real life sometimes gets in the way of saving as much as you want or retiring when you planned. The good news, however, that you can avoid or rectify some mistakes if you know what they are.
2 Paths to a $2 Million Retirement Nest Egg kxly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxly.com Daily Mail and Mail on Sunday newspapers.
KXLY
April 26, 2021 3:03 AM newsfeedback@fool.com (Christy Bieber)
Posted:
Updated:
April 26, 2021 6:25 AM
Becoming a millionaire isn’t enough to make you wealthy anymore, according to most Americans. In fact, you now need to be a
multimillionaire to be considered rich.
Of course, saving more than $1 million can be a major challenge. But if you’ve set that goal for your retirement, it may be doable if you’re disciplined. These seven steps could be the ticket to making it happen.
Image source: Getty Images.
1. Avoid debt
Taking on a lot of high-interest debt can rob you of your chance to hit multimillionaire status; too much of your monthly income will go to your creditors.
WKBT
April 25, 2021 6:15 AM newsfeedback@fool.com (Christy Bieber)
Posted:
Updated:
April 25, 2021 11:23 AM
With so many choices for tax-advantaged retirement accounts, identifying the cream of the crop can be even more challenging than choosing the best picture at the Oscars from an array of awe-inspiring movies.
But when considering all the advantages each account can provide to retirees, there’s one clear winner that stands out from the crowd and definitely deserves your investment dollars.
Drumroll please, that account is…
Image source: Getty Images.
The Roth IRA
Before I explain why the Roth IRA takes the coveted title of best beginner retirement account, let’s set the stage with a little background.