From Yahoo Finance: 2025-05-02 13:02:00

A study by Northwestern Mutual found that Americans need $1.26 million to retire comfortably in 2025, down from $1.46 million last year. Only 25% have saved enough for a year. It’s crucial to utilize all resources for retirement planning.

Chad Gammon, a CFP, emphasized the importance of investing your Roth IRA properly to benefit from compound interest. Many make the mistake of not investing after contributing. The key is to ensure your funds grow for a comfortable retirement.

Financial experts stress checking and managing your Roth IRA investments periodically to align with goals and risk tolerance. Neglecting proper investment may lead to missed opportunities for your retirement nest egg to grow exponentially over time.

To avoid losing money, invest your Roth IRA in diversified stocks for long-term wealth building. Start young, take on risks, and stay invested in the market to secure a stable financial future. Seek guidance from a financial professional for a successful retirement plan.

Read more: How 1 Small Investing Mistake Can Derail Your Roth IRA Investment