Entrepreneur Kevin O’Leary introduces the “90-Day Number” method to help individuals start saving and prepare for retirement. He emphasizes the importance of 401(k) plans and IRAs over relying solely on Social Security for retirement income. O’Leary’s strategy involves calculating a short-term financial number to guide budgeting decisions and increase retirement savings.

To determine the 90-Day Number, individuals must subtract total expenses from total income over a three-month period. A positive result indicates extra funds available for 401(k) or IRA contributions, while a negative result prompts a budget reevaluation. O’Leary’s method aims to help individuals make better financial decisions and prioritize saving for retirement.

Read more at Yahoo Finance: Save More for Retirement by Focusing on This ’90-Day Number,’ Says Kevin O’ Leary