This Is the Average 401(k) Balance After Investing for 5 Years
Thinking about quizzing your friends and family on their 401(k) plan balances? Doing so could help you evaluate your own retirement savings efforts, but it could also create some social tensions in the process of asking.
Fortunately, there is an alternative that will let you make some comparisons anonymously. Financial company Fidelity recently published a retirement savings trends report that shares data on how people are preparing for their senior years. Two data points from the report stand out:
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Source Fool.com