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Across all age groups, the average 401 (k) balance is $112,572. This number may be skewed by extremely high-earning outliers, however. The median may be a better figure to gauge where most ...
Ages 45-54. Average 401 (k) balance: $142,069. Median 401 (k) balance: $48,301. During this decade you may be getting a larger paycheck than ever, and perhaps you can maximize your 401 (k) plan ...
Check out the average 401(k) balances among Americans in their 40s, 50s, 60s and 70s to see whether you have more or less than the others who'll be joining you in earning your senior discount ...
Another way to track down your 401 (k) administrator is to use the above-mentioned Form 5500 database from the Department of Labor—your administrator’s contact information should be on 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 ...
The minimum withdrawal age for a traditional 401 (k) is technically 59½. That’s the age that unlocks penalty-free withdrawals. You can withdraw money from your 401 (k) before 59½, but it’s ...
You'll want to let this money sit there for a while, but with $2.5 million in your 401 (k), someone could theoretically afford that. Make your Roth contributions, let it sit there until you're 80 ...
If you need cash for an emergency or to pay down debt, your 401(k) plan may allow you to take out a loan and borrow up to 50 percent of your vested balance, but not more than $50,000.