4 Ways to Grow $100,000 Into $1 Million for Your Retirement Savings
According to research by The Motley Fool, the average U.S. household has $87,000 saved for retirement. Suppose you want to retire with a million-dollar nest egg. Round that average to $100,000, and you need to grow your savings tenfold between now and retirement.
That can seem intimidating, especially with how hard it feels to get that first $100,000. So consider investing to grow your savings. Compounding will make the next $100,000 feel more manageable, and it gets even better from then on.
Check out these four ways to help your nest egg reach its full potential. You might be surprised how easily you can grow it to a million dollars by retirement.
Source Fool.com
