When we look to Vanguard’s report ‘Adviser’s Alpha’, it attempts to quantify the value financial advice can add to investment ...

For instance, if a couple needs $8,000 a month in the first year of retirement, by year 10, that grows to $10,600 per month with trendline inflation. By year 20, that’s $14,200 per month.

Key Takeaways. Retirement savers under age 50 can contribute up to $7,000 to an IRA in 2024. An IRA is not a type of investment; instead, it's a tax-advantaged account that holds investments.