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New research by the Federal Reserve shows that an astounding one in four
Americans (including the 27% who consider themselves retired) have absolutely
nothing saved.



And even if you have something tucked away, it may not be enough — though that
is something you can change even late in the game.

A Vanguard study found those between 55 and 64 held an average of roughly
$256,000. But this includes high income earners; breaking the figures down, it
shrinks to a median of about $90,000.

It’s never too late to start putting cash aside — so here are three tips to grow
your nest egg.


DON'T MISS

 * Rich young Americans have lost confidence in the stock market — and are
   betting on these 3 assets instead. Get in now for strong long-term tailwinds
 * Worried about the economy? Here are the best shock-proof assets for your
   portfolio. (They’re all outside of the stock market.)
 * Commercial real estate has outperformed the S&P 500 over 25 years. Here's how
   to diversify your portfolio without the headache of being a landlord* with
   First Realty National Partners


TALK TO A PROFESSIONAL ABOUT YOUR FINANCIAL SITUATION

If you're worried about your nest egg, finding a trusted financial advisor who
knows your retirement goals inside and out can give you peace of mind.

There are free online services that are designed to match you with experienced
professionals based on your unique needs.

WiserAdvisor, for example, can pair you up with a pre-screened advisor to match
your financial needs.




You don’t have to navigate your retirement savings alone, and you definitely
don’t have to do it without a vetted financial advisor at your side.



Once you're matched, consult for free with no obligation.


PROTECT YOUR NEST EGG WITH A STABLE ALTERNATIVE

With the economy in such a volatile state amid high inflation and stock market
uncertainty, your 401(k) or IRA — and your retirement itself — could be at risk.

A Gold IRA is a great alternative to protect your future. Unlike the U.S.
dollar, which has lost 98% of its purchasing power since 1971, gold’s purchasing
power remains stable over time.

Birch Gold Group is a reputable precious metals dealership offering IRAs and
direct purchases of precious metals and coins.

While inflation is increasing everyone’s expenses, precious metals won’t be
affected — so a Gold IRA might be the best thing to preserve your retirement.

Read more: Thanks to Jeff Bezos, you can now use $100 to cash in on prime real
estate — without the headache of being a landlord. Here's how




EXPLORE BETTER INSURANCE RATES

It’s not uncommon for people to take what they’re given when it comes to
insurance rates. But the truth is, you could be wasting away a solid nest egg by
overpaying for your coverage.

SmartFinancial is a platform where you can compare home insurance rates in your
area. All you need to do is answer some quick questions about yourself and
they’ll instantly sort through over 200 insurers to find you the best rates
available and any discounts.

According to data from Forbes, the national average cost for car insurance in
2023 is $2,118 per year, or $176.5 per month.

But, depending on which state you live in, your driving history and the make and
model of your car, there are some insurers that can offer you as little as $22 a
month for insurance.

Luckily, Pretected, makes it easier to for you to comparison shop instantly.
Choose the best available car insurance quote for you in minutes.

They do all the work for you so you can shave your monthly insurance bill and
put that extra cash into your future.


WHAT TO READ NEXT

 * This janitor in Vermont built an $8M fortune without anyone around him
   knowing. Here are the 2 simple techniques that made Ronald Read rich — and
   can do the same for you
 * Jeff Bezos and Oprah Winfrey invest in this asset to keep their wealth safe —
   you may want to do the same in 2023
 * How can I stop the pain and make money in this nightmarish market? Here's 1
   simple way you can protect your nest egg

This article provides information only and should not be construed as advice. It
is provided without warranty of any kind.




Continue reading


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