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This Is the Average 401(k) Balance for Retirees Aged 65 and Older


The more money you have in your 401(k), the more comfortable a retirement you can set yourself up for. And the nice thing about 401(k) plans is that many employers offer some sort of matching incentive in these accounts. If you contribute some funds from your paycheck, you may be eligible for free money from your employer.

Now, your 401(k) plan balance is likely to grow over time. So if you're, say, 30 years old with only a few thousand dollars socked away for retirement, don't stress. You still have plenty of working years ahead of you to grow more wealth in time for your senior years.

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Source Fool.com


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