The number one thing you need to do if you want to retire comfortably, according to experts | New York Post

The number one thing you need to do if you want to retire comfortably, according to experts | New York Post

The number one thing you need to do if you want to retire comfortably, according to experts | New York Post

Planning wisely is crucial in your journey towards financial security during your golden years, and “The Ramsey Show” co-host Jade Warshaw has some valuable insights to share. During an interview with “The Big Money Show,” she emphasized the importance of surviving and thriving in your later years by taking control of your financial future.

Warshaw stressed the need for proactive planning, advocating for individuals to invest in their social security. Diversification in investments and utilizing retirement benefits play a pivotal role in ensuring financial stability during retirement. She recommended allocating 15% of your gross monthly income into retirement vehicles like 401(K)s and Roth IRAs, considering that Social Security alone might provide only 40% of your pre-retirement income, and its future is uncertain.

According to the Treasury’s annual trustees report, one alarming point to note is that Social Security benefits could potentially be reduced by 20% as early as 2034 if no changes are made to the system. With the median U.S. household reportedly falling $470,000 short of what they need to retire comfortably, it’s clear that many Americans are struggling to save for their future.

Warshaw’s advice doesn’t stop there; she suggests that those who reach the age of 62 should consider taking Social Security, even if they don’t need it immediately, and invest it wisely. This strategy can potentially yield a better rate of return than the meager 2% typically associated with Social Security………full-loaf-600x400-1-e1700879832480 The number one thing you need to do if you want to retire comfortably, according to experts | New York Post[read more]

Rising Dough

Rising-Dough-e1700879911412 The number one thing you need to do if you want to retire comfortably, according to experts | New York PostHow might a proactive approach to personal finance and investments impact the broader economy, and what role do individuals play in shaping the financial landscape for future generations?

*Click on the “Full Loaf” icon to read the full article! After you read the full article, let us know your thoughts.

0 0 votes
Article Rating
stone-street-coffee-logo The number one thing you need to do if you want to retire comfortably, according to experts | New York Post ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
1b9171f401df7b27f27c7cc64bb55325?s=56&d=mm&r=g The number one thing you need to do if you want to retire comfortably, according to experts | New York Post

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
2bb9ae8d5dae75b56f1f45ed9e77092b?s=64&d=mm&r=g The number one thing you need to do if you want to retire comfortably, according to experts | New York Post
Guest
Kaniya
3 months ago

Individuals play the leading role in shaping the financial landscape for future generations that is exactly why financials are at an all time high. Having a more proactive approach to personal financials and investments are empowering yourself but investments can hinder others because for the younger and poorer generation it makes those things more out of reach more than it already is.

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Kaniya
Guest
Kaniya
3 months ago

Individuals play the leading role in shaping the financial landscape for future generations that is exactly why financials are at an all time high. Having a more proactive approach to personal financials and investments are empowering yourself but investments can hinder others because for the younger and poorer generation it makes those things more out of reach more than it already is.

1
0
Would love your thoughts, please comment.x
()
x
×