savings

How to make a million after age 70

Retirement » How To Make A Million After Age 70

How to make a million after age 70
How to make a million after age 70 © Aletia/Shutterstock.com

Just about all of us imagine the thrill of getting rich someday.

There is an almost universal appeal to the notion of having enough money to sit on a beach and sip tropical drinks, or to travel the world while leisurely crossing items on your "bucket list."

Unfortunately, some of us dream a little too long. Then, we wake up one day to find we are 70, wondering where all that time -- and money -- has gone.

If you are entering your 70s and have scant savings, you probably have packed up fantasies of great wealth. But is the dream really over?

Andy Tilp, founder of Trillium Valley Financial Planning in Sherwood, Ore., says it is still possible to get rich late in life, "but not without a lot of work and sacrifice of time."

Following are a few ideas for how to make a million after age 70.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Quickest path toward $1 million?

Dear Dr. Don, This question involves how best to make for a better life for my family. How can I make a one-time investment of $5,000 grow into $1 million or more over 60 years? One of my broader goals is to encourage my... Read more

advertisement
Partner Center
advertisement

Connect with us