Average Retirement Savings Revealed: Are You Normal?


Olde Hornet

Well-Known Member

American's Average Retirement Savings by Age
According to Fidelity, the following is what the average American has saved for retirement.
  • 20 to 29: $15,000

  • 30 to 39: $50,800

  • 40 to 49: $120,800

  • 50 to 59: $203,600

  • 60 to 69: $229,100

The Best Way to Boost Your Retirement Savings
Regardless of where your retirement savings stand right now, one of the best ways to increase your contributions is by working with a financial advisor.
As previously mentioned, research suggests people who work with a financial advisor feel more at ease about their finances and could end up with about 15% more money to spend in retirement.6
Chances are, there are several highly qualified financial advisors in your town. However, it can seem daunting to choose one.
Our no-cost tool makes it easy to find a reliable, reputable advisor so you can make an informed decision and choose the right one for you. Now you can get matched with up to three local fiduciary investment advisors that have been vetted and subject to our due diligence criteria. The entire matching process takes just a few minutes.
 
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