Comments on: Retirement Savings Slow Down: Average Retirement Account Balances

By: hermitmoney

hermitmoney — Tue, 22 Aug 2023 11:41:17 +0000

In reply to Educated Wanderer. Good job!

By: Rocky Staatz

Rocky Staatz — Tue, 22 Aug 2023 05:07:01 +0000

Actually I think everyone has figured out that 401k is a scam

By: Bum Hip

Bum Hip — Tue, 22 Aug 2023 04:17:24 +0000

The federal injection of money started in 2019, not 2020.

By: Educated Wanderer

Educated Wanderer — Tue, 22 Aug 2023 03:25:26 +0000

I’m saving about the max into my 401k, HSA, and Roth IRA which I’ve been doing since 2016, the year I paid off my house. Prior to that I saved 10%, for basically 30 years of saving, since 1993. I plan to keep working for 12 more years.

By: Kevin Kuc

Kevin Kuc — Mon, 21 Aug 2023 20:45:50 +0000

Saving 66;percent at 56 years old, helps with no mortgage and no debt.

By: Dennis Hughes

Dennis Hughes — Mon, 21 Aug 2023 20:17:52 +0000

In reply to R M. Great video! Thanks Eric

By: Bzrkr

Bzrkr — Mon, 21 Aug 2023 19:52:26 +0000

In reply to Ron B. Includes the match. A contribution is a contribution regardless.

By: R M

R M — Mon, 21 Aug 2023 18:20:43 +0000

this is a question I’ve always had…… when Fidelity and other companies come out with the average and median balances that only includes what they are the custodian of correct? so the actual balance is both median and average could potentially be higher depending on if these people never rolled over their accounts and they had a different custodian?

By: Ron B

Ron B — Mon, 21 Aug 2023 18:17:36 +0000

One question always comes to mind for me when they ssy the average 401k savings rate. Is that the entire contribution including match? For instance if you get a 4% match and you put in 4% are they counting 4% or 8%?

By: bumper music reviews

bumper music reviews — Mon, 21 Aug 2023 17:09:42 +0000

Dope content