The Average 401(k) Balance for Americans 55 to 64 May Surprise You

A lot of people have great intentions when it comes to saving for retirement. The problem? Life tends to get in the way.It's all too easy to put off retirement savings in your 20s because you're earning only an entry-level wage. From there, you might plan to start funding a retirement plan in your 30s, only to be thwarted by mortgage payments and childcare costs.Image source: Getty Images.Continue reading

May 11, 2025 - 12:08
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The Average 401(k) Balance for Americans 55 to 64 May Surprise You

A lot of people have great intentions when it comes to saving for retirement. The problem? Life tends to get in the way.

It's all too easy to put off retirement savings in your 20s because you're earning only an entry-level wage. From there, you might plan to start funding a retirement plan in your 30s, only to be thwarted by mortgage payments and childcare costs.

Image source: Getty Images.

Continue reading