How Much Income Would the Average Retirement Plan Balance Produce?
Retirement accounts serve as a crucial income source for seniors. Social Security alone provides enough money to replace just 40% of pre-retirement income -- which won't cover the necessities. But are Americans on track to producing enough income in their later years?
Let's take a look at the average combined 401(k) and IRA balance among savers with both accounts and see how much money it would end up providing.
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Source Fool.com
