If You're 60 Years Old and Have This 401(k) Balance, You're Ahead of Your Peers
Here's how to know how your 401(k) stacks up.
Overview
The tricky thing about saving for retirement is that what looks like a lot of money on paper may not be a lot of money in practice. For example, $100,000 in savings is a lot of money. But in the context of what could be a 20-year retirement or longer, it's actually not a particularly large sum.
By the time you turn 60, you may have spent years funding a 401(k) plan for retirement. And you may be curious to know how your balance stacks up.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.