It has some important drawbacks to consider though, which favors saving in an IRA instead.

Dividing $18.2 trillion by the U.S. Census Bureau’s estimated 131 million U.S. households gives an average overall household ...

The whole trick to retirement savings is to put money away steadily and consistently. But one lesson that Generation X and boomers missed out on when the U.S. retirement system switched over to favor ...

Here's how much superannuation savings you need to have at your age now to fund a comfortable retirement down the track.

Access to this tax-advantaged account is a common benefit offered by employers, and in 2024 the IRS allowed the average person to contribute a maximum of $23,000 a year to their 401 (k). Typically, ...

This is the average 401 (k) balance for every age group According to Fidelity's data from the second quarter of 2024, here is the average 401 (k) balance for people of different ages: Gen Z: $12,000 ...

The average 401 (k) account balance for people in their 50s ranges from $199,900 to $592,285, depending on which retirement plan provider's data you look at. While everyone’s income levels ...

Canadians are continuing to contribute to retirement savings plans despite market fluctuations, according to Sun Life’s 2025 ...

Generation X is nearing retirement but has faced saving and investing challenges for years. They may feel unprepared ...

For older people who wish to stay in the workforce, a layoff or buyout can radically change their financial picture.

Baby boomers have the highest average 401 (k) balance of all four generations. That’s no surprise, as they’ve been working ...

As stock and bond markets have whipsawed this year, you may be afraid to look at your 401 (k) account balance. But all of the volatility actually makes this an opportune time to look under the hood of ...