Cost to retire continues to skyrocket as Biden targets retirement advice

The cost to retire continues to increase as the Biden administration cracks down on “junk fees” in retirement investment advice. 

“Three years ago, if you had been aiming for retirement savings of, let’s say, $500,000, in today’s climate, with higher prices, you need more like $600,000,” American Institute for Economic Research’s Paul Mueller told FOX Business’ Gerri Willis. “In three years, you need another $100,000 to have the same purchasing power. So inflation has very much eaten away at people’s savin