Widget by:Get Widget

Retirement: The average 401(k) balance for ages 55 to 64 may surprise you

The average worker expects to need around $1.8 million to retire comfortably, a 2024 survey from Charles Schwab found, yet most are not on track. ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 

Advertisement

Read in browser
 

Retirement

Thu Dec 5 2024

 
Two people standing outside and smiling.

The average worker expects to need around $1.8 million to retire comfortably, a 2024 survey from Charles Schwab found, yet most are not on track.

Advertisement

Some Social Security beneficiaries will get an extra check in the month of November: two SSI payments and their monthly Social Security check.
 

I'm not counting on Social Security COLAs alone in retirement

A little thought and planning can go a long way, overcoming what Social Security isn't likely to do for you.

A photo illustration of colored pins marking the dates on a paper calendar.
 

Here's why some on Social Security get an extra check this month

Supplemental Security Income recipients will receive an extra check on Friday, November 29, due to calendar quirks that will continue through 2025.

Suzanne, right, and Susie Leedy pose for a portrait at their home in McGaheysville, Va., Monday, Nov. 18, 2024.
 
Social Security's full retirement age is either 66 or 67, depending on when you were born.
 

The 1 thing I'd tell retirees to do before claiming Social Security

Social Security: Figure out the best age to claim benefits to maximize your payments.

 

Sign up for the news you want

Exclusive newsletters are part of your subscription, don't miss out! We're always working to add benefits for subscribers like you.

SEE ALL NEWSLETTERS 

Advertisement

Newsletters   |    eNewspaper   |    Crosswords

Follow Us

Problem viewing email? View in browser

Postingan terkait:

Belum ada tanggapan untuk "Retirement: The average 401(k) balance for ages 55 to 64 may surprise you"

Posting Komentar