Have $100,000? Here Are 3 Ways to Grow That Money Into $1 Million for Retirement Savings
Financial goals can vary widely from person to person. Some people simply want financial security, while others have more lofty goals like a beachside mansion. Neither is inherently better or worse than the other. What matters is that you set financial goals that are in line with your needs and values.
That said, the $1 million mark has long been considered a huge milestone on the way to financial freedom in retirement. That amount of money may not go as far as it did decades ago, but it's still a substantial sum, and worth aiming to achieve. And the beauty of aiming for the million-dollar mark is that it's not out of reach for many people. Time can be a great assistant.
For people looking to grow $100,000 into a $1 million retirement nest egg, the following three steps can speed up your progress.
Source Fool.com
