Can You Really Retire a Multimillionaire With S&P 500 ETFs?

Can You Really Retire a Multimillionaire With S&P 500 ETFs?

Retirement can be incredibly expensive, and it's possible you may need more than $1 million to enjoy your senior years comfortably. Few workers have access to a pension or other source of guaranteed income, and Social Security was never intended to be a primary income stream. With rising costs and healthcare expenses continuing to balloon, you may need to save more than you think. Building a robust retirement fund can be challenging, though, especially if you're not a seasoned investor. The good news is that S&P 500 ETFs are perfect for beginners and experts alike, and with the right strategy, it's possible to reach multimillionaire status by the time you retire. What are S&P 500 ETFs? An S&P 500 ETF is an investment that contains the same stocks as the …
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