This Is the Average 401(k) Balance for Ages 45 to 54
Around a third of working-age Americans (15 to 64 years old) own a 401(k)-style account. It's by far the most popular retirement account in the country, and there isn't a close second. Its popularity is well earned, too.A 401(k) not only lets you passively save and invest for retirement, it also gives you a tax break while doing so by lowering your taxable income for the given year. It's a win-win, if you ask me.Continue reading
Around a third of working-age Americans (15 to 64 years old) own a 401(k)-style account. It's by far the most popular retirement account in the country, and there isn't a close second. Its popularity is well earned, too.
A 401(k) not only lets you passively save and invest for retirement, it also gives you a tax break while doing so by lowering your taxable income for the given year. It's a win-win, if you ask me.
