Picking the right type of investment to buy is only part of the challenge when it comes to building your retirement account. Another -- and arguably larger -- aspect of the challenge is to keep on investing new money throughout your career to add to the pot of cash compounding on your behalf. Based on historic rates of return, it takes just $600 a month -- around $20 a day -- invested in stock type investments like the Vanguard Total Market ETF over a 30-year period to potentially turn you into a millionaire. There are, of course, no real guarantees in investing except this one: $0 invested at any rate of return will always wind up being worth $0 when all is said and done. The $16,728 Social Security bonus most retirees completely overlook

Source: Daily Sun June 22, 2020 15:56 UTC