Tips to Build Retirement Savings

The median retirement savings account balance for Americans aged 65 and over was just $88,000 due to medical expenses, according to a report. Pratik Patel, head of Family Wealth Strategies with BMO Family Office, joined Cheddar News to discuss what's needed to save for a comfortable retirement.

More In Business

The Most Expensive NYE Cities for Hotels

The Most Expensive NYE Cities for Hotels

Recall of Nearly 5 Million Portable Blenders Under Way for Unsafe Blades and Dozens of Burn Injuries

The blenders can overheat or catch fire and their blades can also break off during use. Regulators urged consumers to stop using the recalled model immediately and contact BlendJet for a free base unit replacement.

Long-Term Mortgage Rates Dip for 9th Straight Week, Hitting Lowest Level Since May

Mortgage rates have been easing since late October, when the average rate on a 30-year home loan reached 7.79%, the highest level since late 2000.

Jobless Benefits Rise but Labor Market Remains Solid

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or the broader economy.

Wendy's Offers One Cent Jr. Bacon Cheeseburgers

Wendy's is rolling out a promotion all week long where you can snag a junior bacon cheeseburger for one cent.

Social Media Ad Revenue From Minors $11B Last Year

Social Media Ad Revenue From Minors $11B Last Year

Tesla Planning Updated Version of Its Model Y

Tesla Planning Updated Version of Its Model Y

Less Than 1 Percent of Flights Canceled During Peak Travel Week

Less Than 1 Percent of Flights Canceled During Peak Travel Week

Need2Know Biz: Gas Price Decline, Xiamoi EVs & Alibaba Lawsuit

Need2Know Biz: Gas Price Decline, Xiamoi EVs & Alibaba Lawsuit

Xiaomi Enters China's Electric Vehicle Market

Chinese consumer electronics company Xiaomi has unveiled its new electric vehicle.

Load More