A couple in their 50s with $2 million in savings is hesitant to retire due to fears of market crashes. Financial guru Dave Ramsey advises them to invest in the stock market, as they could have potentially doubled their savings if they had invested earlier.
Despite an interest in financial health, teenagers lack understanding of retirement planning. While 83% have considered retirement, only 45% recognize the importance of investing for long-term returns. Experts emphasize the advantage of time for teen investors and recommend Roth IRAs for tax-free growth. Parents can also contribute to Roth IRAs on their children’s behalf.
