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Stock market slumps are always bad for retirement savings plans, and the slump that hit in 2022 was particularly brutal. The average balance of Vanguard 401(k) accounts dropped to $112,600 in 2022...
Data from Vanguard shows that the average 401 (k) balance for those with incomes of $150,000 and higher in 2021 was $354,569, vs. just $8,260 for those with incomes of $15,000 or less. But high ...
Stock market slumps are always bad for retirement savings plans, and the slump that hit in 2022 was particularly brutal. The average balance of Vanguard 401(k) accounts dropped to $112,600 in 2022...
Given that the S&P 500 fell 3.7% in the third quarter of this year, it’s not surprising that 401(k) account balances followed suit.
According to a 2023 Bankrate report, 56% of Americans feel behind when it comes to retirement savings, with nearly 1 in 3 estimating they would need more than $1 million to retire comfortably. The...
It can be hard to know if your retirement savings are on track, but comparing your balance to where others similar in age are can help. In particular, taking a look at the average 401(k) balance ...
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