Want $1 Million in Retirement? 9 Simple Index Funds to Buy and Hold for Decades.
Who doesn't want $1 million by retirement? Well, maybe those who are shooting for $2 million -- because $1 million is not likely to be enough for many people, especially those who will be retiring a decade or three from now. (Inflation can wreck havoc with your retirement plans, so be sure to factor it into your retirement planning.)Since Social Security isn't likely to provide most or all of what we need -- the average monthly retiree benefit check was $1,975, or close to $24,000 for the year as of December -- most of us should be diligently saving and investing for retirement.Image source: Getty Images.Continue reading
Who doesn't want $1 million by retirement? Well, maybe those who are shooting for $2 million -- because $1 million is not likely to be enough for many people, especially those who will be retiring a decade or three from now. (Inflation can wreck havoc with your retirement plans, so be sure to factor it into your retirement planning.)
Since Social Security isn't likely to provide most or all of what we need -- the average monthly retiree benefit check was $1,975, or close to $24,000 for the year as of December -- most of us should be diligently saving and investing for retirement.
Image source: Getty Images.
