Timothy Sumer

The data provided presents the average and median 401(k) balances by age for Fidelity Investments and Vanguard 401(k) plans. Fidelity administers 24,000 plans with over 21 million participants, while Vanguard administers about 1,700 plans with around 5 million participants. Here are the average and median 401(k) balances by age for Fidelity: Age 20-29: Average $12,800, Median $4,600 Age 30-39: Average $43,100, Median $16,200 Age 40-49: Average $100,300, Median $32,100 Age 50-59: Average $175,400, Median $53,400 And here are the average and median 401(k) balances by age for Vanguard: Age under 25: Average $6,264, Median $1,786 Age 25-34: Average $37,211, Median $14,068 Age 35-44: Average $97,020, Median $36,117 Age 45-54: Average $179,200, Median $61,530 Age 55-64: Average $256,244, Median $89,716 Age 65+: Average $279,997, Median $87,725 #401k #average401kbalancebyage #retirementsavings... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Invest

The headlines have been warning about the drop in 401k balances. Here is what you should be aware of! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a gu

In this video, we're going to talk about the shocking truth about Vanguard 401k balances by age. Vanguard is one of the most popular 401k providers in the world, and their data has shown that the average Vanguard 401k balance decreases steadily as you get older. This video is a must-watch if you're worried about your retirement funds. We'll discuss the data in detail and show you how you can protect your retirement savings by taking action now! After watching this video, you'll know what to do to protect your 401k balance and make sure it's ready for retirement!... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA The Shocking Truth About Vanguard 401k Balances by Age The importance of saving for retirement is no secret, but the actual figures might surprise you. A recent report by Vanguard, one of the largest investmen

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

Average 401k balance by age || How much you need in YOUR 401k to Retire || 401k + Retirement Buy Our Book: Click Here For More Retirement Planning Videos: In this video I want to discuss the average 401k balance by age. This is not the median 401k retirement balance but the average which is skewed higher. Please do not get discouraged if the average 401k balance does not fit where you are financially. This video is not designed to make you feel bad about your 401k balance or retirement investments, but instead, use this video as a yard stick to help you continue to grow your retirement assets toward financial freedom! I also want to show you how your 401k, IRA, or retirement asset balance does not need to be one million dollars to retire. It just needs to be enough to cover your lifestyle and cost of living. I encourage you to visit the link below to download the free booklet, "The Roadmap to Retirement." Click Here to Subscribe: **Free Retirement Download: