The New Retirement Age and What It Means for Your Savings
In today’s dynamic financial world, the concept of retirement savings is constantly evolving. A recent study by Charles Schwab has highlighted a new benchmark for retirement savings: $1.8 million, up from the previous $1.7 million. However, this figure comes with its challenges and misconceptions. The Reality of Achieving $1.8 Million While the goal of $1.8 million for a comfortable retirement is widely acknowledged, many find it daunting. One needs a disciplined approach to saving and …