3 Ways to Grow $100,000 Into $1 Million for Retirement Savings
Saving for retirement isn't easy. But to enjoy your senior years as comfortably as possible, you'll need a robust retirement fund.
Accumulating $1 million or more may seem like an insurmountable task, but it's easier than you may think to achieve. Even if you're not already wealthy, it's possible to retire a millionaire with the right strategy. Here's how to get started.
A savings account may seem like the safest place to keep your money, especially when the stock market is volatile. But even the best savings accounts only offer interest rates of around 1% to 2%, which isn't even enough to keep up with inflation. That means over time, your savings will actually lose value.
Source Fool.com
