The average 401(k) balance for someone in their 60s was $568,040 as of June 2025. The median, though, was far less: $188,792.
Overall, 654,000 people were 401 (k) millionaires in the third quarter, a new record, the investment firm said. These retirement millionaires have account-holding tenures of roughly 25 to 26 years, ...
Baby Boomers are stepping into retirement, but for many, it may not be the peaceful chapter they imagined. Too many Boomers ...
A recent Advisor Authority study from Nationwide Retirement Institute found that 58% of millennials believe they can only buy ...
These figures fall short of recommended retirement benchmarks. Fidelity suggests retirees should aim for savings equal to ten ...
According to Fidelity’s latest retirement analysis, which covers July, August and September, 654,000 savers now have at least $1 million in their workplace retirement accounts. That’s up from 595,000 ...
Americans want to age in place, but many boomer-owned homes may not be ready to meet the demands of in-home care and ...
A new white paper suggests that DC plans need to transform from accumulation-focused vehicles into comprehensive retirement security systems in order to address a persistent “guarantee gap.” ...
According to the latest available numbers via the Federal Reserve’s 2022 Survey of Consumer Finances, the average retirement ...
Sometimes, all that diligent saving can actually cause more financial harm than good, particularly when you’ve already hit your retirement savings targets. Profit and prosper with the best of expert ...
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 ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Roughly 4.18 million Americans will turn 65 in 2025, ...