According to finance coach Suze Orman, the average American is nowhere near ready to even think about retiring. In fact, according to CBS News, about one in five Americans will have enough money to retire comfortably.
If you’re in that boat, check in with your financial advisor on ways to catch up, and ways for you to ultimately retire at some point comfortably. Also, as Suze Orman will tell you: Update Your Investment Strategy.
Invest in stocks and exchange-traded funds that pay dividends. That way, even if the market sinks out of the blue, you still have passive income from those dividends.
Orman also suggests investing in a Roth IRA, which is a tax-advantaged investment account that allows you to save for retirement with after-tax dollars.
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