In the U.S., middle-class individuals face financial stressors such as homeownership and healthcare, affecting both working and retired individuals. To build wealth in retirement, consider options like high-yield savings accounts and part-time work. Certified financial planners can provide valuable advice in creating income streams and growing wealth over time.
Downsizing and cutting expenses can free up cash for investments, helping to build long-term wealth. Diversifying investments and utilizing fixed annuities can also boost retirement income. Financial professionals recommend strategic financial planning to navigate market fluctuations and ensure stability and growth in wealth building endeavors.
Read more at Yahoo Finance: 7 Ways Middle-Class People Become Rich in Retirement