In 2023, Vanguard 401(k) balance rose 19% from a year prior. There are strategies you can employ to boost your savings rate and balance. If you recently caught a glimpse of your neighbor driving a new, fancy sports car down the street, it may have triggered a thought in your head along the lines of, "Hmm, I wonder what kind of salary he's pulling in."

If You've Got This Much Money in Your 401(k), You're Ahead of the Average Saver

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. The average American between the ages of 65 and 74 had about $609,000 in retirement savings as of 2022, according to the Federal Reserve. But strong stock market gains over the past couple of years have likely boosted that average balance even more.

Here’s the 1 big reason millions of retirees secretly struggle in America — and it’s not because they don’t have enough money

GOBankingRates

If you plan to retire in 2025, one of the most important things you must do is ensure your finances are in order. Retirement is going to be a big change. You'll no longer have a regular income from...

I’m a Retirement Planner: Stop Wasting Money on These 7 Things If You Plan To Retire in 2025

Retiring early is the dream and financial goal of many Americans, but few get the opportunity to do so. According to the 2024 MassMutual Retirement Happiness Study, the average retirement age in the...

6 Types of Cars You Should Never Buy If You Want To Retire by 50

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Total Apex Sports & Entertainment

What makes today’s date special for your zodiac sign? Today, all zodiac signs are set to experience extraordinary cosmic shifts that would likely affect certain areas of their lives. For some signs, today’s cosmic boost will positively affect their finances. The planets have aligned to bring luck and good fortune their way. Hence, some individuals will feel a special wave of optimism and passion to lay a good foundation for financial abundance.

3 Lucky Zodiac Signs With Financial Abundance | August 22, 2024

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Being strategic with how you...

Here's Where You Should Pull Money From First in Retirement

By the time you've retired, you'll hopefully have a portfolio of investments to help financially sustain you through retirement. But in addition to these investments, it's important to have some cash...

Here’s How Much Cash Retirees Should Have on Hand, According To Experts

SmartAsset

Tax-advantaged retirement accounts such as traditional and Roth IRAs are important tools for retirement planners accumulating wealth to provide for a secure retirement. And, under the right circumstances, individuals can continue to take advantage of these tax benefits by contributing to traditional or Roth IRAs after they have retired. The key requirement for contributing to […] The post Can Retirees Contribute to a Traditional or Roth IRA? appeared first on SmartReads by SmartAsset.

Can Retirees Contribute to a Traditional or Roth IRA?

The Motley Fool

Planning ahead for this major expense before claiming Social Security could save you thousands.

If I Could Tell All Retirees 1 Thing About Social Security, I'd Say to Do This Before You Claim Benefits

Americans reported a median retirement account value of $87,000 in the most recent Survey of Consumer Finances, but there is more to the story.

Here's the Average Retirement Savings for Americans by Age

CDs are quite safe as far as investments go. But check out two situations that could see you losing money in one.

Is It Possible for You to Lose Money in a CD?

Annie Cole is a finance expert and women's money coach, but she once struggled with her own finances. Find Out: I'm a Retired Boomer: Here Are 3 Debts You Should Definitely Pay Off Before Retirement...

I Was Making $26K, Now I’m Planning To Retire at 45: 4 Ways I Prepared My Finances

Mediaite

Dr. Phil McGraw stunningly asked Trump if he thinks President Joe Biden and Vice President Kamala Harris were "okay" with him getting shot.
The post Dr. Phil Asks Trump Stunning Question: Were Kamala Harris And Biden ‘Okay’ With You Getting Shot? first appeared on Mediaite.

Dr. Phil Asks Trump Stunning Question: Were Kamala Harris And Biden ‘Okay’ With You Getting Shot?

Kiplinger

Now is a great time to minimize your upcoming tax bills, get your RMDs in order and make sure your investments are on track for a prosperous new year.

Don't Wait: Make Your Year-End Money Moves Now

August's first round of Social Security Disability Insurance checks have already gone out and payments for the next round are set to be sent next week. SSDI is paid on the same day as Social Security payments, and if you're not sure when you're supposed to get yours, we'll fill you in below. Also, if you still haven't received your July SSDI check, here's what you can do.

SSDI August 2024: When Will You Get Your Money?

NewsNation

Social Security is running out of money but that doesn't mean monthly checks will stop a decade from now.

Will Social Security be around when I retire?

FinanceBuzz

Here are the most common (and costly) mistakes people make when choosing a place to retire. Avoid these, and you could find the retirement location of your dreams.

11 Mistakes Retirees Almost Always Make When Relocating

Most people will need some form of long-term care as they age. Planning for that care is one of the biggest challenges older Americans face. Enter long-term care insurance, which helps cover the costs of extended medical care whether at you’re home, or in a nursing home or adult day care. Long-term care insurance policies can be helpful but pricey, and if you wait too long to buy, your premiums will be sky-high. And that’s if you’re able to take out a policy at all.

Here's Who Actually Needs Long-Term Care Insurance — and When to Buy It

Retirement Daily

Uncover the most important IRA features that can shape your retirement strategy. This article highlights updated RMD schedules, charitable distributions and more.

Top 5 IRA Features Every Retiree Must Understand

All that money in your tax-deferred retirement accounts? Uncle Sam is going to want his cut, so here's how to prepare for that.

Three Strategies to Cut Your Taxes in Retirement

NewsBreak

How Much Money Do You Need to Retire? Answer These 4 Questions to Find Out

Retirement looks different for everyone. But whether you plan to spend your golden years jet setting around the world, playing on the beach with your grandchildren...

How Much Money Do You Need to Retire? Answer These 4 Questions to Find Out

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