Retirement Savings: Boost Your Nest Egg

Between fifty-five and sixty-four, the average American has $8,000 in their bank account, according to the Federal Reserves latest survey. This figure has risen from $6,360 in 2013, and 57% of this age group holds retirement accounts with a median value of $185,000. Financial experts advise continuing to invest for growth, utilizing catch-up contributions to Roth IRAs, and parking excess cash in high-yield savings accounts or CDs for steady returns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.