The average 401(k) balance for 70-year-olds offers a benchmark, but real retirement readiness depends on income sources, ...
Even the youngest Gen Xers (born 1965 to 1980) have been in the workforce for decades. That has given them much more time to ...
It's important to have savings to supplement your Social Security. Some people may have to play catch-up on retirement savings. There are strategies you can use to grow your 401(k) and accumulate a ...
The typical American has less than $40,000 saved for retirement in a 401(k). If you want to boost your savings, be strategic with your spending, especially when it comes to big expenses. Also make ...
These average and median 401(k) balances tell us a lot. Recall what a median number is -- it's the middle number in a series of numbers arranged in order. So if your series is 78, 101, 135, 204, and ...
Most boomers have been saving for decades, but many still feel unsure about whether they've built enough for the years ahead. After all, retirement isn't a distant milestone anymore. It's here, or ...
Data shows that 401(k) savers in their mid-40s to mid-50s don't have a ton of money socked away. If you feel you're behind on savings at that stage of your career, it's important to make changes.
Empower reported recently on the average 401(k) balance among people of different age groups. The research showed: The average 401(k) balance for people in their 70s was $420,975, while the median was ...
A large portion of employees withdraw their entire 401(k) balance when they leave a job rather than rolling it over to their new employer or another account, Vanguard found.
Your 401(k) doesn’t just disappear when you die. Here’s how it’s transferred, who gets it, the tax impact, and why ...
Contributing to a 401(k) is one of the most effective ways to save for retirement, but it can be tough to know how much to save. Everyone's retirement goals will differ, and there's no single target ...