Tag: 401k
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Are You on Track for Retirement? A Look at the Average Retirement Savings by Age
Retirement savings refers to the funds that individuals set aside to ensure they have financial security during their post-working years in their retirement accounts like 401k, IRA, etc… and their savings accounts. According to the Economic Policy Institute (EPI), the average retirement savings of all working-age families in the U.S. is $95,776 in 2020. However,…
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Different Retirement Saving Options You Need To Consider
There are multiple retirement saving options and no one option fits everyone. Here in this post, I will try to talk about multiple options and you can choose which fits you better. 401k This is the most common retirement savings option for employees where the employer provides a 401k plan through an investment company like…