Tag: Retiremet
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Are You on Track for Retirement? A Look at the Average Retirement Savings by Age
Retirement savings refers to the funds that individuals set aside to ensure they have financial security during their post-working years in their retirement accounts like 401k, IRA, etc… and their savings accounts. According to the Economic Policy Institute (EPI), the average retirement savings of all working-age families in the U.S. is $95,776 in 2020. However,…
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Difference Between Index Funds, Mutual Funds, and ETF
Index Funds: An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a market index, such as the Standard & Poor’s 500 Index (S&P 500). An index mutual fund is said to provide broad market exposure, low operating expenses and low portfolio turnover. These funds…
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Things To Do In Your Twenties To Retire A Millionaire
It can be so daunting when it comes to saving money when you are making less money. Let me tell you the good news, doesn’t matter how much you make it is always possible to save at least 1%-2% of your income. These are some of the things you need to consider doing when you…