Thursday, February 27, 2025

Retirement

Thu Feb 27 2025

Have $100,000? 4 ways to grow that into $1M for retirement savings

Here's a look at several ways to grow $100,000 — or perhaps just $0 — into $1 million or more by retirement.

Unfortunately, very few people get the maximum, as it requires somewhat of a perfect storm of factors.

Without adequate savings, retirement is stressful. But earmarking money for retirement is the first in a series of strategic moves you have to make.

Because of the calendar, Social Security recipients who get Supplemental Security Income benefits get their March 2025 check on Feb. 28, 2025.

Social Security Administration says it's processed 30,000 claims under the Social Security Fairness Act. Only about 2.97 million more to go.

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