Grow Your IRA to $1 Million With These 3 Moves
You don't necessarily need to retire with $1 million to live comfortably during your senior years. But let's be real -- it's a good goal to have.
Bringing a $1 million nest egg into retirement could help you cover your living costs and easily have money left over for goals like travel. And even if you end up collecting a generous benefit from Social Security, the extra money could come in handy in paying for healthcare and other necessities.
Getting to $1 million in a 401(k) plan over time is a pretty reasonable goal, since those plans come with very generous contribution limits. IRAs, however, don't let you contribute as much, so growing yours to $1 million may be more challenging.
Source Fool.com
