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
Major Tech Earnings Out This Week
Investopedia's Caleb Silver shares thoughts on the upcoming Fed meeting, why individual investors are still slightly skeptical, and what he's looking for from mega cap tech earnings.
Your Taxes Are Due April 15: Here’s Our Plan for Getting Them Done
Season's greetings! Tax season, that is. January 29 is the first day you can file your tax return. We walk you through each step — plus a checklist you can download.
Could a Device Used in Sports Help Reduce Traumatic Brain Injuries?
The Q-Collar helps protect athletes from impact-related concussions. Now, the U.S. Army is evaluating if the device could help reduce traumatic brain injury cased by blast weapons.
These Are the Best and Worst States to Retire in the U.S.
A new retirement report looks at cost of living, tax-friendliness, and access to medical care. Did your state make the list?
Vaxxinity Wants to Bring Accessible Vaccines for Chronic Illness to Market
Co-founder and executive chairman of the board at Vaxxinity Lou Reese shares how the company is working to bring vaccines for chronic illnesses like heart disease and Parkinson’s to market with an eye for accessibility.
Inflation Worries Aren’t Quite Over Yet
Mario Veneroso, Kingsview Asset Management Partner, weighs in on the latest economic data and whether the market is pricing in too many rate cuts for the coming year.
Is This the Worst Formula One Team Name Ever?
We'll give you two hints on the Red Bull junior team's name: 1. It's super corporate. 2. It mentions Red Bull.
Billionaires, Give Your Money Away! (Says the Gates Foundation)
The CEO of the Bill & Melinda Gates Foundation has a message: Hey billionaires, give away more of your money to address inequality and do it soon.
Why It's Important to Turn On Apple's New Stolen Device Protection
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
