One of our favorite shows every year is our annual “401(k) By Age” episode. In this year’s edition, we’ll talk about basics of a 401(k), including new limits, employer matches, and vesting schedules, how many millionaires are created by 401(k)s, and of course the average 401(k) balance by age.
In this episode, you’ll learn:
- The basics of a 401(k)
- How many Americans are taking advantage of their employer match
- The financial power you’re leaving on the table when opting out of your 401(k)
- The average 401(k) balance of Americans in every age group
- How much you should have invested to become a millionaire
Research and resources from this episode:
- Here’s how much Americans have saved in their 401(k)s at every age
- Building Financial Futures
- Personal Savings Rate
- One-Third of American Workers Are Leaving Free Money on the Table
- How America Saves 2021 – Vanguard
- Building Financial Futures
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