Key Takeaways Americans ages 55-64 hold an average of $8,000 in savings—more than most of their younger peers, but less than ...

Data from Vanguard's 2024 How America Saves report shows that in 2023, the average account balance for Vanguard defined ...

Forbes contributors publish independent expert analyses and insights. Host of the Retire Sooner podcast and CFP™ practitioner. Happiness may be subjective, but with multiple studies suggesting ...

Survey data shows how retirement savings differ by age, including how many Americans have accounts and how much they’ve saved. See how you compare to others your age.

Saving for retirement in a 401(k) comes with several valuable advantages. Your contributions are made with pre-tax dollars, which lowers the amount of income you are taxed on. In addition, the ...

Imagine being 55 with no retirement savings and $10,000 in debt. That's obviously not a very comfortable place to be, especially if you want to retire at a reasonable age. Unfortunately, this is ...

There's no perfect rule, but here are some good guidelines to follow. There's no one-size-fits-all way to determine how much you need to save for retirement. In addition to your current age, there are ...

A 54-year-old with $4M in a 401(k) has eight times the average balance for people in their 50s. The rule of 55 allows penalty-free 401(k) withdrawals if you leave your job in the year you turn 55 or ...

It's important that you invest throughout your working life to build the nest egg you need to cover retirement costs. By age 60, you're only a few years away from retirement so you should have a lot ...

For many, retiring at 62 feels like winning the game early. No more alarm clocks, no more meetings, no more pretending you enjoy performance reviews. But before popping the champagne, there are some ...

(NEXSTAR) — The retirement age in the U.S. is about to hit a new high next year as the final stage of a 1983 rule takes effect. More specifically, it is the full retirement age that is changing in ...