Looking to Save More Than $1 Million for Retirement? 2 Cryptos to Buy Now and Hold for Decades
According to the latest survey on money and retirement from Northwestern Mutual, the amount needed by Americans to retire comfortably continues to rise. It has now increased to $1.46 million, which is up 15% from last year, and a whopping 53% from 2020. What makes that number particularly daunting is that the average amount saved for retirement is just $88,400.
Having less than $100,000 saved for retirement could work if you have a 25-year time horizon to grind out steady 10% annualized gains. But what if you have less time to make up ground? Or what if you have significantly less than $88,400 saved for retirement?
If that's the case, you might want to think about investing in cryptocurrencies, which have the potential to increase your money 10-fold within a short time horizon.
Source Fool.com
