$1 Million

Be On Guard Against These Retirement-Wrecking Mistakes

There are many actions (and inactions) that can wreck retirement plans. As such, while the author of today’s article acknowledges that the $1 million figure frequently cited as how much one needs to amass for a comfortable retirement may be arbitrary, he stresses that “what is not arbitrary is it takes discipline and it requires avoiding mistakes and pitfalls to… 

Mapping A Million: How Far A $1 Million Nest Egg Will Get You, By State

How far a $1 million nest egg will get you in retirement depends on where that retirement takes place. Today’s article highlights the findings of a new report which assessed how many years $1 million would last for retirees 65 and older for each state, with numbers ranging from 26.3 years in one state to 11.9 years in another. Where… 

There’s Still Time: How You Can Still Build A Sizable Nest Egg, Starting At Age 50

If you think you’ve put off saving for retirement way too late, all hope may not be lost. Today’s article highlights research from the American Association of Individual Investors (AAII) showing that, “even starting at age 50, it is possible to save more than $1 million for retirement”. How? AAII identifies five different scenarios where, by saving from age 50… 

Five Funds For A Faster $1 Million Nest Egg

When it comes to accumulating that $1 million figure often cited as the recommended amount for a retirement nest egg, the author of today’s article states there are two choices: “Either we can wait nearly half a century…or we can become millionaires faster if we can get a better return.” He proceeds to outline a basket of five funds which…