Timothy Sumer

In this video, we talk about the average (and median) 401k balance by age for 2022. Are you in good financial shape and on track to retire at your target retirement age? While there's no black and white 401k balance that you MUST have, it's nice to see how much our peers have invested in their 401ks. Since AVERAGE balances don't always provide an accurate representation of the population, we also talk about the median 401k balance by age which paints a better picture of what America ACTUALLY has invested. 📃 The data in today's video comes from Vanguard's annual report titled "How America Saves 2022" and can be found here: Some of my favorite things 😍👉 💳 A few of my favorite credit cards: Chase Sapphire Preferred: Chase Freedom: Discover IT: AMEX Blue Cash Everyday: 💰 Tip Jar: 📚 A few of my favorite personal finance books: ○ Getting into the asset vs liability mindset: ○ Solid well-rounded personal finance info: ○ No, buyin

Average 401K Balance By Age Says Fidelity! Hit subscribe to see my next video!🔜 DISCLAIMER: The information contained on this YouTube Channel is for entertainment purposes only. I am not a financial advisor, and this is not financial advice, please consult a licensed professional. #shortsfeed #shortsfeed #shortsvideo #shortsfeed #shortsyoutube... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Saving for retirement is a crucial aspect of financial planning. The 401K plan is one of the most common retirement plans defined by the Internal Revenue Service (IRS) in the United States. Many employers offer a 401K plan as part of their employees' retirement package. The idea is to encourage workers to save a portion of their income, which is then invested and grows until retirement. One of the most frequently asked questions by

Average 401k Balance By Age 2022: Vanguard Retirement Survey Full Retirement & 401k Article Here: This video is showcasing average 401k balances and median 401k balances in retirement accounts with Vanguard retirement services. All of this information comes from Vanguard 401k retirement survey that was conducted in 2021. This is both the average and the median of these 401k retirement accounts. Keep in mind the average 401k retirement account size will be skewed because of the large 401k retirement accounts at the top and the small 401k retirement investing accounts at the bottom. The median 401k balance is what we are going to focus on in this retirement video. Median 401k retirement investing account values gives us the figure that is right in the middle and is a better indicator for 401k retirement savings. What this 401k retirement survey showed which was surprising is that 3 in 10 401k participants have 401k balances below $10,000. It also showed that 3 in