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
Harbor is Redefining Baby Monitoring without Biometrics
Enter Harbor, a new state-of-the-art baby monitor system, has opted not to include biometric monitoring.
How Two Companies are Using Tech and AI to Squash Bedbug Infestations
With an uptick in bedbug infestations, two companies, Spotta and Comcast’s Machine-Q, are joining forces and using tech and AI to squash this problem.
After Israel’s Attack on Iran, It’s Good Time to Invest Internationally
We may not be headed for a 2008-esque disaster, but increased geopolitical tension paired with the end of the tech boom means volatility could stick around.
Bitcoin Halving Is Today: Here’s What that Means
Bitcoin halving typically raises the value of the cryptocurrency – and it could be an ‘exemplary’ hedge against inflation.
Big Business This Week: Netflix’s Gamble Pays Off, The Halving Is Upon Us and Oh God Rate Cuts
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
Disneyland Is Spending $2 Billion on New Rides, Hotels, and More
Disney’s nearly $2 billion plan means new rides, hotels, and more.
How Two Companies are Using Tech and AI to Squash Bedbug Infestations
With an uptick in bedbug infestations, two companies, Spotta and Comcast’s Machine-Q, are joining forces and using tech and AI to squash this problem.
Drones are Altering Farming and Growing Food Forever
When one thinks of agriculture, it brings up thoughts of tractors, yet unmanned drones have found one of their newest homes in agriculture.
Why Aren’t There More IPOs? Blame Fed Chair Powell (And Those Rates)
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
