The Average American Has $87,000 Saved for Retirement. Here Are 3 Stocks That Can Buoy Those Numbers.
For all of the focus on saving for retirement, most Americans have too little saved to actually retire comfortably. The average American has only saved about $87,000 in IRA and 401(k) accounts. Unfortunately, this falls far short of what most experts consider adequate savings to retire on. For instance, Fidelity's guidelines call for retirees to save the equivalent of 10 times their annual salary by age 67.
Given this situation, some affected investors might be looking for stocks that could increase their savings. At the same time, the closer these investors are to retirement, the less they want to take chances on stocks that could reduce an already too-small nest egg. They will want to avoid high-risk stocks.
Fortunately, there are stocks out there that offer growth and safety. Three options to consider are Apple (NASDAQ: AAPL), T-Mobile (NASDAQ: TMUS), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). Let's find out a bit more about these relatively safe growth stocks.
Source Fool.com
Alphabet Inc. A Stock
The stock is an absolute favorite of our community with 83 Buy predictions and no Sell predictions.
As a result the target price of 165 € shows a slightly positive potential of 1.81% compared to the current price of 162.06 € for Alphabet Inc. A.
