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
Why Now Is a Good Time to Invest
Surprise, surprise: tech is still the sector to watch, according to Karyn Cavanaugh, Chief Investment Officer at Carolinas Wealth Management. Learn how to properly diversify your portfolio.
Is This Picture Real or AI? Meta Will Answer That For You
Facebook and Instagram users will start seeing labels on AI-generated images in their feeds. Hopefully this will save time for everyone zooming in each picture to see how many fingers someone's hand has.
Why Now is a Crucial Time to Pay Off Credit Card Debt
Inflation and loans and rates — oh my! If you're dealing with credit card debt, you aren't alone. These are some ways to pop the debt balloon.
Safety Recalls for Two Automakers: Are You Affected?
Drivers of these recalled vehicles who don't read this article will know they're affected starting March 18.
Seabound Wants to End Commercial Shipping Emissions
Alisha Fredriksson, CEO and co-founder of Seabound, discusses the carbon capture company’s successful maiden voyage and its plans for growth.
Where Does Spotify Go From Here?
Seth Schachner, Managing Director at StratAmericas, weighs in on Spotify earnings and why that headline-grabbing deal with Joe Rogan could be worth that $250 million.
Advice to Investors: ‘Stay the Course,’ Don’t ‘Freak Out’
Mitch Roschelle, Managing Director at Madison Ventures, shares why investors may be waiting longer than expected for those interest rate cuts, and why he’s watching tech, oil, and homebuilder stocks.
Amazon Prime Video's Next Moves: More Sports, More Ads
Amazon saw 24% growth in their Thursday Night Football audience in 2023. Subscribers will be rewarded with even more sports, but not without enduring more ads — unless they pay extra, of course.
These Companies Cut Jobs in 2024 Despite Buzzing Economy
Low unemployment + 350 thousand new jobs in January = ...more layoffs? A bunch of tech and retail companies have laid and are laying off employees after a nationwide hiring surge during the pandemic.
