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How to Retire a Millionaire No Matter Who's President


If you're holding your breath waiting for the 2020 election results, you'll turn blue regardless of your political affiliation. As well, holding off on your retirement plan based on who is or isn't in the White House will likely suffocate your savings growth. The truth is, the path to retiring a millionaire doesn't change based on which party or personality sits in the Oval Office.

Retirement savings plans are anchored by three variables: how much you contribute to your savings each month, how long you make those contributions, and the annualized rate of return on those funds. The first two -- what you contribute and for how long -- aren't hard to define. You should know what you can afford to save, and you should have an idea of when you want to retire.

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Source Fool.com


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