How to Turn $100,000 Into $1 Million for Retirement: 3 Smart Investment Strategies
Retiring as a millionaire doesn’t have to be a far-fetched dream. Achieving the goal is doable for many Americans, but it requires discipline.
Beginning with a tidy sum of money upfront helps a lot, too. Let’s suppose you have $100,000. How could you turn that into $1 million for retirement? Here are three smart investment strategies.
Probably the most important step to take to grow $100,000 into $1 million is to start investing as early as possible. The Rolling Stones were exactly right when they sang, “Time Is on My Side.” Time can be on your side, too.
For example, let’s say you have 40 years until you retire. If you invested $100,000 and your money increased by a compound annual…
