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Have $100,000? Here Are 4 Ways to Grow That Money Into $1 Million for Retirement Savings.
There is no low-risk or completely passive approach that will get the job done. You'll need to take at least some action and at least some risk.
Got $100,000 saved up? If so, congratulations! You're doing great. But, let's face it -- that's not going to fund the kind retirement you're likely envisioning for yourself. You'll probably need something closer to $1 million (10 times your current stash) to achieve the financial freedom you want to enjoy in your golden years.
So how do you turn $100,000 now into $1 million by then? You invest it, of course.
Image source: Getty Images.
