Even Social Security recipients must save; here’s how to invest $100
Social Security replaces just 40 percent of pre-retirement income. If one is planning to live solely on that, it is not possible without very severe struggle. Thus is the reason one must save independently well before then. But even if one is already retired, the need for an savings, particularly an emergency fund, is there. Matthew Frankel explains starting small is ok, and he offers these five tips on saving $100 now. 1.) Start an emergency fund; 2.) Consider using a robo-advisor to help select investments for you. 3.)Invest in a stock index mutual fund or exchange-traded fund. 4.) Find great individual stocks for your brokerage account. 5.) Open an IRA. Full article here.
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