This Is the Average 401(k) Balance for Americans Aged 55 to 64. How Does Yours Compare?
Given that Social Security is at risk of cutting benefits in about a decade's time, it's more important than ever to try to set yourself up with a nice nest egg for retirement. And if you're in your mid-50s to mid-60s, it's especially important to assess your savings and make sure you're on track.
At this stage of your career, you may not have that many working years left. So it's important to make the most of them and ramp up your retirement plan contributions as needed.
Image source: Getty Images.
Source Fool.com
