Here’s a wake-up call: Americans between the ages of 55 and 64 have an average retirement savings of $537,560 and a median retirement savings of just $185,000. Considering most financial advisors lean into the golden rule of having at least $1 million in your nest egg before you retire, this is alarming.
Add Social Security’s average benefit check of about $2,012 into the mix, and your monthly bills are probably looking a little steeper than you would have expected in your golden years. However, money expert and real estate mogul Grant Cardone said it doesn’t have to be this way.
