The median retirement savings account balance for Americans aged 65 and over was just $88,000 due to medical expenses, according to a report. Pratik Patel, head of Family Wealth Strategies with BMO Family Office, joined Cheddar News to discuss what's needed to save for a comfortable retirement.
Share:
More In Business
Big Business This Week: Could Zohranomics actually work?
We spoke with two experts about why the mayor-elect's plans could be tough to execute.
Are IMAX movies worth the inflated ticket price?
“Premium Large Format” cinema has become an integral part of the film industry, but is it ever worth $30 to see a movie?
Black Friday Ahead: What Shoppers Need to Know About Inventory, Prices, and Promotions
Retailers face tariffs and cost challenges this holiday season. Wells Fargo's Lauren Murphy shares insights on pricing, promotions, and shopping trends.
Love Without Limits: The App Making Dating Accessible for All
Dateability, founded by sisters Jacqueline and Alexa Child, is the only dating app for disabled and chronically ill communities, fostering love without limits.
Small grocers and convenience stores feel an impact as customers go without SNAP benefits
Some small grocery stores and neighborhood convenience stores are eager for the U.S. government shutdown to end and for their customers to start receiving federal food aid again. Late last month, the Trump administration froze funding for the SNAP benefits that about 42 million Americans use to buy groceries. The U.S. Department of Agriculture says about 74% of the assistance was spent last year at superstores like Walmart and supermarkets like Kroger. Around 14% went to smaller stores that are more accessible to SNAP beneficiaries. A former director of the United Nations World Food Program says SNAP is not only a social safety net for families but a local economic engine that supports neighborhood businesses.
Inside Musk’s $1 Trillion Payday After It Gets Green Light from Tesla Shareholders
Becky Peterson, Reporter at The Wall Street Journal, explains Tesla shareholders approving Elon Musk’s historic $1T pay package and what it means.
From Boom to Bust: Understanding Crypto’s Volatile Market Swings
Andy Baehr, Head of Product at CoinDesk Indices, breaks down crypto’s Black Friday crash, Bitcoin dipping under $100K, and what’s driving the market rout.
Standing for Our Heroes: How Born Primitive Is Erasing Veteran Medical Bills
Bear Handlon, CEO of Born Primitive, shares how his brand Born Primitive is eliminating millions in medical debt for U.S. veterans and changing lives.
Warren Buffett warns ‘Father Time’ is catching up but trusts successor
Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up
