1 Retirement Savings Hack That Has Created Many Millionaires, and Will Continue to Make More
Racking up $1 million or more for retirement isn't something everyone can pull off. However, more and more people are reaching the million-dollar mark every year by following a few simple steps. If you're trying to add up how it's possible, it might not make sense at first. For example, if you managed to max out your Roth IRA this year, which is $7,000 for those under 50, and kept that up for the next 70 years, your contributions wouldn't even hit half a million if you just let the money sit in your account.
But frankly, if you're like me, you'd rather not be forced to save up money for over five decades and still not be halfway to the finish line. If you want a shot at reaching your goal in a decent amount of time, there's one simple retirement savings hack that will be key to speeding up your million-dollar progress.
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Source Fool.com
