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Have $100,000? Here Are 4 Ways to Grow That Money Into $1 Million for Retirement Savings


Published on 2025-02-12 07:01:10 - MSN
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  • So you have $100,000 and you want to build it into $1 million by retirement. That's great! Even if you have less -- perhaps a lot less -- than $100,000, there are multiple strategies you might employ to build your wealth.

The article from MSN Money outlines four strategies for growing $100,000 into $1 million for retirement savings. First, it suggests investing in the stock market, particularly through diversified funds like index funds or ETFs, which historically offer about a 10% annual return, potentially reaching the million-dollar goal in about 25 years. Second, real estate investment is recommended, either through direct property ownership or real estate investment trusts (REITs), which can provide both income and capital appreciation. Third, the article discusses the benefits of starting or investing in a business, highlighting the potential for high returns if the business succeeds, though it comes with higher risk. Lastly, it advises on the importance of tax-advantaged retirement accounts like IRAs or 401(k)s, which can enhance growth through tax savings and compound interest. Each method carries its own level of risk and potential reward, tailored to different investor profiles and timelines.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/have-100-000-here-are-4-ways-to-grow-that-money-into-1-million-for-retirement-savings/ar-AA1yTgRd ]