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Everybody wants to be a millionaire, but few have the savings discipline to get there. Your current savings, additional monthly savings and the rate of return you receive all go into saving to be a millionaire. However, it may not stop there. If you want to have a million dollars worth of purchasing power, you have to factor in inflation into your savings plan. That means that depending on the amount of time it takes you to save a million dollars you might have to have saved even more to have a million worth of purchasing power.
While you’re not required to take distributions with a Roth IRA, learn about the distribution timeline for a traditional IRA.
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As you navigate your 40s, focusing on retirement savings becomes crucial. Learn how to maximize contributions, manage debt and balance your financial priorities to build a strong future.
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Eric Stringer serves as AVP, Senior Mortgage Loan Officer in Grand Forks, ND, and brings nearly 13 years of experience to Gate City Bank. Originally from Tower City, ND, he studied economics at University of North Dakota.
Eric Stringer serves as AVP, Senior Mortgage Loan Officer in Grand Forks, ND, and brings nearly 13 years of experience to Gate City Bank. Originally from Tower City, ND, he studied economics at University of North Dakota.
Jeremy Misek serves as Assistant Vice President, LPL Financial Advisor at Gate City Investment Services in Bismarck, ND. Originally from Mercer, ND, Jeremy brings 11 years of experience to Gate City Investment Services. He studied banking and finance at University of Mary.
Jeremy Misek serves as Assistant Vice President, LPL Financial Advisor at Gate City Investment Services in Bismarck, ND. Originally from Mercer, ND, Jeremy brings 11 years of experience to Gate City Investment Services. He studied banking and finance at University of Mary.
Megan Pflipsen serves as Assistant Vice President, Retail Manager in Sauk Rapids, MN, and brings 10 years of experience to Gate City Bank. Originally from Elk River, MN, she studied at Minnesota State University Moorhead, earning her degree in mass communication with an emphasis in advertising and public relations.
Megan Pflipsen serves as Assistant Vice President, Retail Manager in Sauk Rapids, MN, and brings 10 years of experience to Gate City Bank. Originally from Elk River, MN, she studied at Minnesota State University Moorhead, earning her degree in mass communication with an emphasis in advertising and public relations.

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