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The average 401 (k) balance among near-retirees. Vanguard reports that the average 401 (k) balance among Americans aged 55 to 64 is $244,750. However, the median 401 (k) balance among that age ...
A sign calls attention to sports betting at Encore Boston Harbor casino Jan. 31, 2023, in Everett, Mass. (AP Photo/Steven Senne) (ASSOCIATED PRESS)
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An article in The Conversation by finance professor Brandon Cline showed that around half of the 1500 largest public companies in the U.S. force their CEOs to retire when they turn 65 or so because of declining performance, with nearly 70% of S&P 500 companies having mandatory retirement ages for their boards in the mid-70s. Cline noted that a ...
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