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 ...
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.” ...
Not even half of workers are on track to maintain their current lifestyle in retirement. Retirement preparedness differs by generation—and the results may surprise you.
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 ...
Roughly 4.18 million Americans will turn 65 in 2025, marking a peak year for the boomer retirement wave. This high annual number equates to 11,400 a day hitting their mid 60s on average. The average ...