Worried About Investing for Retirement? How the S&P 500 Could Help You Reach That Millionaire Milestone
You'll often hear it's important to prioritize your retirement savings to ensure your senior years are comfortable. To put it another way, if you don't make an effort to save well for retirement, you risk having to retire mostly on Social Security. Seeing as how the average retired worker only collects about $1,917 a month in benefits, it's clear that having savings to supplement Social Security is crucial.
However, it's also not enough to just save for retirement. Rather, you need to invest your savings throughout your career so that your money is able to grow and outpace inflation.
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Source Fool.com
