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
The Hidden Costs of ‘Buy Now, Pay Later’
MarketWatch reporter Venessa Wong explains what consumers might be missing when they use popular ‘buy now, pay later’ services.
Why Small Business Owners Are Cautious This Year
Robert Rodriguez, Managing Director, Northeast Divisional Director at Chase for Business breaks down the bank’s latest small business report.
Building Lapse, a New Social Media App
Fresh off a successful funding round, co-founder of Lapse Dan Silvertown shares thoughts on regulation, privacy, and why the money for great startups is still out there.
2024 Is Just the ‘Beginning’ of Tech’s A.I. Rally
Sylvia Jablonski, CEO and CIO at Defiance ETFs, discusses why she’s bullish about this year’s market – unless the Fed changes its mind on rate cuts.
Surge Pricing: The Bane of Uber-Riders, Ticket-Buyers and...Wendy's Customers
Wendy's announced they are testing out fluctuating prices throughout the day for certain products based on demand. Who will groan the most: lunch-breakers, dinner drivers or late-night goblins?
These Are the Best Carry-On Luggage Pieces to Get Around Baggage Fees
Take off in style with these top luggage recs.
Using A.I. to Improve Homebuying
Shubha Dasgupta, CEO of Pineapple Financial, discusses incorporating artificial intelligence with its newly announced ‘Maui’ tool, plus plans for expansion.
How to Get Accepted to UPenn’s New A.I. Degree
Chair of Penn Engineering’s Department of Computer and Information Science Zachary Ives shares how the department is building its artificial intelligence degree program.
‘Is This the Beginning of the End’ of Market Highs?
Frances Stacy, Optimal Capital Director of Strategy, breaks down why the latest data indicates the economy may be struggling more than expected, plus some sectors she’s watching.
