Tag: retirement savings
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I’m 65 and set to retire with $500,000 in the bank. How long will that last?
The average balance of retirement accounts for Americans aged 65 to 74 was $609,000 in 2022, according to the Federal Reserve’s latest Survey of...
Here’s the Average Monthly Social Security Check Today — and What Your Retirement Might Look Like if It’s Your Only Income
As of 2022, Americans aged 65 to 74 had a median retirement savings balance of $200,000, according to the Federal Reserve. But many older...
Average Gen-Xer Only Has $182,100 In Retirement Savings And It’s Not Enough To Secure Their Future
Gen X, born between 1965 and 1980, is approaching retirement, but according to recent data from Fidelity, the financial outlook for the average Gen...
Is Your 401(k) Balance Above Average? Find Out If You’re Beating Most Savers
We all know that comparing ourselves to others can be a slippery slope, but when it comes to retirement savings, it's hard not to...
Are you making the best use of tax-sheltered savings accounts? Here are 5 accounts that could bolster your investment returns
Tax-sheltered accounts are some of the most accessible wealth-builders for everyday investors. They’re also under-utilized, evidenced by the alarming number of Americans who report...