Reported 10 days ago
As of early 2024, the median 401(k) balance is reported at $28,900, while the average stands at $125,900, with significant variations across age groups. To enhance your retirement savings, consider automating contributions, gradually increasing your savings rate, and maximizing employer matches. Importantly, retirement savings should focus on personal goals rather than comparison, and consulting a financial advisor can provide additional guidance.
Source: YAHOO